Mexican peso implied volatility rose to a two-week high as an acceleration in U.S. manufacturing stoked concern the Federal Reserve will cut a stimulus program that has buoyed the Latin American country’s securities.
Mexico’s peso rose to a three-week high on speculation U.S. lawmakers will reach an agreement to end a fiscal impasse that has damped the outlook for the Latin American country’s biggest trading partner.
Mexico’s peso climbed to a two-week high on speculation U.S. politicians will agree to raise the debt ceiling, easing concern that their budget impasse will stall the Latin American nation’s biggest export market.
Mexico’s peso fell from a two-week high as a drop in U.S. jobless claims fueled speculation the Federal Reserve next week will begin to slow monetary stimulus that’s fueled demand for the Latin American nation’s securities.
Mexican President Enrique Pena Nieto said he’s confident Congress will end the state oil monopoly this year, opening the way for companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc to tap the nation’s reserves.
Mexican President Enrique Pena Nieto said he’s negotiating support to break the state monopoly over oil and gas exploration and production this year to accelerate economic growth. The peso pared its loss.