| | |  Business News | March 2009 
Mexico’s Peso Advances Most in Month on U.S. Jobs Report
 Valerie Rota - Bloomberg
go to original
| | The central bank will begin daily sales of 100 million U.S. dollars a day to try to halt a sharp slide in its battered peso currency. (Reuters) | |
Mexico’s peso advanced the most in more than a month after a U.S. government report showed the pace of job losses slowed.
The peso rose 1.3 percent to 15.1886 per U.S. dollar at 9:06 a.m. New York time, compared to 15.3923 yesterday. Its gain today was the biggest since Jan. 28.
American employers cut 651,000 jobs in February, down from a revised 655,000 in January, the U.S. Labor Department said today. The U.S. buys about 80 percent of Mexican goods sold abroad.
Yields on Mexico’s 10 percent bond due December 2024 fell three basis points, or 0.03 percentage point, to 9.02 percent. The bond’s price rose 0.25 centavo to 108.18 centavos per peso, according to Banco Santander SA.
To contact the reporter on this story: Valerie Rota in Mexico City at vrota1(at)bloomberg.net. |
|
| |
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us