Posts Tagged ‘mexico’

Mexican Peso and Brazilian Real on Fiscal Positives

by Christopher Lemieuxon January 5, 2014 6:09 pm BST
The Mexican Peso rallied into the weekend on demand for local government debt due to the constitutional changes to open up Mexico’s energy industry to outside firms. On fixed-rate peso debt, yields on bonds maturing in 2024 fell five bps to 6.34 percent. This added to the weekly decline in yields of 15 bps, or […]

Mexico Peso and Ruble Decline Ahead of FOMC

by Christopher Lemieuxon December 17, 2013 4:46 am BST
The Mexican peso dropped the most in the basket of major global currencies as speculators begin to the quench their risk appetite ahead of the Federal Open Monetary Committee (FOMC) minutes on Wednesday. The peso has been a major risk correlation trade, and if the Federal Reserve does reduce quantitative easing, the peso will continue […]

Mexico’s Nationalized Oil Industry Comes to an End

by Christopher Lemieuxon December 12, 2013 8:38 pm BST
The Mexican Congress approved a reform that will end 75 years of a nationalized oil industry. The bill received two-thirds majority with a 353-154 vote in Mexico City’s lower house. This key reform will allow outside oil companies, such as ExxonMobile, to develop stations in Mexico’s large oil reserves. It is expected to help boost […]

Peso Gains, USDMXN Outlook: 12/8

by Christopher Lemieuxon December 9, 2013 4:20 am BST
The Mexican peso has been gaining on the dollar in the wake of a new energy bill that will overhaul the Mexican energy industry. Also, Banco de Mexico decided to keep lending rates the same as the previous month at 3.5 percent. The central bank cut the benchmark rate  in consecutive months to historical lows. […]