The Mexican peso climbed for a fifth day in the longest rally since November after U.S. employers added jobs at the fastest pace in two years in April, boosting the outlook for Mexico’s biggest trading partner.
Mexican peso bonds declined for a fourth straight day as U.S. service industry growth added to speculation that the Federal Reserve will keep curtailing monetary stimulus.
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.
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