The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring.
The correlation between Mexican peso bonds and U.S. Treasuries rose to a two-month high after the Federal Reserve played down its forecasts for rate increases.
The peso’s implied volatility fell as an improved export outlook for Mexico offset evidence of an economic slowdown.
The correlation between Mexican peso bonds and U.S. Treasuries is rising to a two-month high as an improving U.S. labor outlook fuels speculation the Federal Reserve will raise interest rates next year.
The Mexican peso’s implied volatility fell to a 10-month low on speculation lawmakers will approve rules implementing constitutional changes that the government says will boost growth.
Mexico’s peso rose to a two-month high after a report showing an unexpected trade surplus in February supported growth expectations for Latin America’s second-biggest economy.
Latin America’s only local-currency corporate-debt fund, run by Chile’s Moneda Asset Management SA, increased its exposure to Mexico on a bet the country’s economy will outperform the region.
Mexico’s peso rose for a third straight day after a report showed lower-than-forecast unemployment in February, indicating that Latin America’s second-largest economy is gaining strength.
Too much volatility for emerging- markets currencies -- and not enough in the developed world -- is stinging traders.
Mexico’s peso rose to a seven-week high after the European Central Bank signaled that it will keep borrowing costs low, fueling demand for the Latin American country’s higher-yielding assets.
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