Mexico’s peso fell after a report showing U.S. companies added the fewest number of workers in seven months added to evidence that economic growth in the Latin American nation’s biggest trading partner is slowing.
Mexico’s peso dropped the most in three weeks after a report showed industrial production rose less than forecast and Moody’s Investors Service said it will review the ratings of all European Union countries.
Mexico’s peso fell to its weakest since 2009, triggering an intervention from the central bank, after a poll showed gains by a presidential candidate who favors increased public spending and disappointing U.S. jobs reports.
Mexico’s peso touched its strongest level in two weeks as signs that China’s manufacturing is rebounding helped boost optimism in the global economy and the outlook for exports from the Latin American country.
Argentine securities linked to the country’s economic growth are tracking U.S. stocks the closest in 32 months as investors pay more attention to global risk- taking than to President Cristina Fernandez de Kirchner .