October 16, 2014
10/15/14 Bloomberg News
Mexico’s peso fell to the weakest since February as concern that the global economy is slowing fueled a selloff in emerging-market currencies. The currency dropped 0.6 percent to 13.5315 per dollar today in Mexico City, the weakest on a closing basis since Feb. 3. Yields on fixed-rate peso bonds due in 2024 dropped five basis points, or 0.05 percentage point, to 5.76 percent, according to data compiled by Bloomberg. The peso’s drop was the second-most among major currencies. A report showed retail sales in the U.S., which accounts for about 80 percent of Mexico’s exports, fell a greater-than-expected 0.3 percent in September. An index of manufacturing in the New York area fell this month to its lowest since April.
January 24, 2014
Mexico’s Finance Minister Luis Videgaray said there is no need to support the peso, which has fallen to its weakest in 18 months, because the market remains sufficiently liquid.
“The Mexican peso market is, fortunately, highly liquid and at the moment doesn’t require any support,” Videgaray said in an interview at the World Economic Forum in Davos, Switzerland. “We have a very liquid market and we don’t see the need to inject liquidity, to intervene.”
December 9, 2013
Mexico’s peso firmed sharply on Monday to its strongest level in seven weeks after lawmakers unveiled a more audacious than expected bill to open up state-run energy industries to greater private investment.
The peso gained 1 percent 12.8020 per dollar, its strongest level since mid-October.
December 9, 2013
Mexican inflation picked up less than expected in November on a spike in fresh food and electricity costs and muted underlying price pressures boded for steady borrowing costs through next year.
Inflation in the 12 months through November rose to 3.62 percent, the national statistics agency said on Monday.
November 21, 2013
Mexico’s peso rose for the first time in three days as a government report showed that Latin America’s second-largest economy expanded more than forecast in the third quarter.
The peso strengthened 0.3 percent to 13.0588 per U.S. dollar at 10:21 a.m. in Mexico City after falling as much as 0.4 percent. It has declined 0.9 percent in five days, the worst performance after Japan’s yen among 16 major currencies.
November 7, 2013
Mexico’s peso rebounded from a three-week low amid speculation that the Federal Reserve will maintain record U.S. monetary stimulus.
The currency appreciated 0.3 percent to 13.1228 per U.S. dollar at 9:44 a.m. in Mexico City, according to data compiled by Bloomberg. The peso closed yesterday at its weakest level since Oct. 9. Yields on benchmark peso bonds maturing in 2024 fell one basis point, or 0.01 percentage point, to 6.15 percent, according to data compiled by Bloomberg.
November 1, 2013
Foreign-exchange strategists are rallying behind planned energy reforms in Mexico designed to attract international investment, forecasting gains in the peso versus every major currency.
Mexico’s peso will climb next year against all 31 of the most-traded currencies tracked by Bloomberg, including a 5.3 percent increase versus the dollar and an 11.2 percent advance against the euro, according to median estimates in analyst surveys. Options betting on one-month implied volatility signal investors are the most confident in the peso since May.