Mexico - Mexico Delayed Price. Currency in MXN
-174.09 (-0.40%)
As of 2:06PM CDT. Market open.
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Previous Close43,063.95
Day's Range42,700.97 - 43,167.08
52 Week Range39,271.56 - 50,603.39
Avg. Volume142,009,282
  • Reuters4 days ago

    EMERGING MARKETS-Latam currencies climb to 15-month high on Fed optimism

    MSCI's index of Latin American currencies touched its highest levels since April 2018 with Brazil's real holding at over three-month highs as investors welcomed progress in the government's pension reform bill. Mexico's peso which had a shaky week after the abrupt resignation of the finance minister managed to recover most of its losses, ending the week flat. The Colombian and Chilean peso both rose 0.2%.

  • Reuters5 days ago

    EMERGING MARKETS-Latam currencies gain on Fed optimism, Brazil assets dip

    MSCI's Latin American currencies moved o.6% higher in line with emerging market peers as expectations of an interest rate cut by the Fed bodes well for developing market assets. The Mexican peso, which slid following the finance minister's abrupt resignation on Tuesday, gained 0.3%, but overhangs regarding the country's fiscal status kept investors nervous. All five of the Mexican central bank's board members agreed the slowdown in Mexico's economy had been larger than anticipated, with "signs of weakness" in the second quarter, minutes from the June 27 monetary policy meeting showed on Thursday.

  • Reuters5 days ago

    EMERGING MARKETS-Latam currencies firm on Fed rate cut signals

    The Brazilian real jumped 0.4%, its fourth straight day of gains that took the currency to over a four-month high, although the Bovespa stock index retreated from a record high set in the previous session. Brazil's markets have rallied this week as investors draw comfort from progress in the government's efforts to overhaul the pension system, a cornerstone of President Jair Bolsonaro's economic agenda aimed at saving the public purse around 1 trillion reais ($263 billion) over the next decade. House Speaker Rodrigo Maia said he hoped the complete bill could be put to a second, final vote by Friday or early Saturday.

  • Reuters6 days ago

    EMERGING MARKETS-Brazilian assets rise on pension prospects, U.S. Fed remarks

    Fed Chairman Jerome Powell said concerns about trade policy and a weak global economy "continue to weigh on the U.S. economic outlook" and reaffirmed the central bank stood ready to "act as appropriate" to sustain a decade-long expansion. The comments reinforced expectations of an interest rate cut from the Fed for the first time in a decade at its monetary policy meeting later this month. Prospects of major central banks embracing looser monetary policy to counter a global growth slowdown has supported emerging markets this year.

  • Reuters7 days ago

    EMERGING MARKETS-Mexico peso, stocks drop after finance minister quits

    Both pared losses after President Andres Manuel Lopez Obrador appointed deputy finance minister Arturo Herrera to replace him. Urzua resigned and posted a scathing letter on Twitter that said some policy decisions were made without "sufficient foundation." Goldman Sachs in a note to investors called the resignation "an unexpected and negative development." The Obrador administration had hoped the U.S.-trained economist would help it sell its reform agenda to skeptical international investors.

  • Reuters11 days ago

    EMERGING MARKETS-Latam FX fall as dollar rallies on dimmer hopes of aggressive U.S. rate cut

    Regional currencies lost between 0.03% to 0.7%, with Brazil's real slipping from three-month highs hit last session, as the dollar climbed 0.5%. "It (jobs data) reduces the scope for a 50bp cut this month, though does little to alter the easing narrative linked to the Fed," strategists at TD Securities wrote in a note. Brazil's real fell 0.4% after a strong rally on Thursday spurred by the government's pension reform bill clearing a key congressional hurdle, which paved the way for it to be put to a lower house plenary vote before the parliament breaks for recess.

  • Reuters11 days ago

    EMERGING MARKETS-Dollar strength pressures Latam FX, Brazil real falls from over 3-mth peak

    The dollar index, which measures the greenback against a basket of six major currencies, was up 0.5% after data showed that U.S. job growth rebounded strongly in June as government hiring surged. "The results were really encouraging and reinforced the underlying strength of the U.S. market and the U.S. economy in general, and is likely to help to temper the markets' aggressive calls for easier policy from the Federal Reserve," said Candice Bangsund, asset allocation manager at Fiera Capital in Montreal. The Brazilian real fell 0.7% after touching its strongest level in more than three months on Thursday after the government's pension reform bill cleared a key congressional hurdle.

  • Reuters13 days ago

    EMERGING MARKETS-Latam currencies rise as dollar dips, investors return to riskier assets

    Markets are hoping that International Monetary Fund head Lagarde will maintain the ECB's recent dovish tone, which was echoed by the U.S. Federal Reserve, and had spurred inflows into riskier assets last month. "People think that Lagarde will be more dovish," said Gustavo Rangel, chief economist, LATAM at ING, adding that general expectations of a more support from the ECB and Fed are driving the market on the day.

  • Reuters15 days ago

    EMERGING MARKETS-Latam stocks, FX rally on U.S.-China trade reprieve

    U.S. President Donald Trump offered concessions to China on Saturday when he met Chinese President Xi Jinping at the G20 summit, including holding off on new tariffs and easing restrictions on tech company Huawei. China agreed to make unspecified new purchases of U.S. farm products and restart negotiations. Most regional stocks rose in line with world stocks, and currencies firmed against a significantly stronger dollar, but ended off session highs.

  • EMERGING MARKETS-Most Latam currencies firm on trade optimism, stocks largely down
    Reuters20 days ago

    EMERGING MARKETS-Most Latam currencies firm on trade optimism, stocks largely down

    (Updates prices) By Susan Mathew June 26 (Reuters) - Latin American stocks mostly fell and Brazil's real traded flat on Wednesday, while most other regional currencies firmed on measured optimism around the Sino-U.S. trade dispute. Against a steady dollar, most Latam currencies recovered from losses logged last session after comments by U.S. Federal Reserve officials quashed hopes of a half-point cut in interest rates. Mexico's peso firmed 0.5% after three days of losses, while Colombia's currency rose 0.1% with support from rising oil prices.

  • Reuters20 days ago

    EMERGING MARKETS-Latam currencies strengthen on U.S-China trade hope

    Most Latin American currencies rose on Wednesday as optimism over U.S.-China trade talks offset weakness after the U.S. Federal Reserve dampened hopes of aggressive interest rate cuts. U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the United States and China were close to a trade deal, CNBC reported ahead of meeting this week between presidents Donald Trump and Xi Jinping at the G20 Summit. The news turned around weakness in Latin American assets after comments from Fed policymakers on Tuesday pushed investors to trim expectations of a half-point cut in interest rates in a policy meeting next month.

  • Reuters21 days ago

    CORRECTED-EMERGING MARKETS-Brazilian real falls on economy worries, dollar lifts other Latam forex

    The Brazilian real edged lower for a second day, while the Mexican peso hovered near two-week lows even as the greenback touch new lows against a basket of major currencies. Minutes from the Brazilian central bank's June policy meeting showed the economy is stagnating and uncertainty surrounding economic and fiscal reforms is clouding the growth and inflation outlook. "BCB minutes emphasize that pension reform is the prerequisite for any easing," Citi analyst Dirk Willer wrote in a note.

  • Reuters26 days ago

    EMERGING MARKETS-Latam forex, stocks rise as dollar falls on Fed rate cut prospects

    Mexico's peso hit a seven-week high before trading flat against the dollar, which posted its biggest two-day drop in a year after the Fed's policy statement on Wednesday. The Fed joined global peers such as the European Central Bank and the Reserve Bank of Australia this week in indicating that more policy stimulus is needed to maintain economic growth.

  • Reuters26 days ago

    EMERGING MARKETS-Latam currencies, stocks rally as Fed lifts rate cut hopes

    Most Latin American currencies firmed on Thursday as the U.S. dollar remained on the backfoot after the Federal Reserve boosted bets of an interest rate cut as early as next month. Emerging market assets rallied, with the MSCI's index of Latin American stocks gaining 1.3% and the region's currencies index rising over 1%. Boosting appetite for risky assets, the Fed on Wednesday signaled interest rate cuts this year, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation.

  • Reuters27 days ago

    EMERGING MARKETS-Latam FX firm as Fed meets expectations on rate cut signals

    (Updates prices) By Susan Mathew June 19 (Reuters) - Latin American currencies firmed on Wednesday, with Brazil's real and Mexico's peso reversing session losses to trade higher after the Federal Reserve signaled possible rate cuts of as much as half a percentage point in 2019. Brazil's real was up 0.2%, reversing losses of up to 0.6% logged earlier in the day, while Mexico's peso rose 0.1%, recovering from a decline of as much as 0.4%. Other regional currencies added to their gains. Most Latam stocks followed suit, with Sao Paulo-traded shares erasing losses to trade 0.8% higher, while gains in Mexican and Colombian stocks were bolstered.