Mexico has no plans to tweak the peso, President Felipe Calderon said while warning against the dangers of several emerging economies’ currency manipulation. The Mexican government respects market judgments and would not try to devalue the country’s currency, he told the Wall Street Journal.

“We are not intervening, we are not establishing taxes to do this, we are not manipulating the currency,” Calderon said.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.