Mexican Stocks End Higher, Peso Strengthens Vs USD

22 ноября 2016, 22:58
Oleh Yemeliukov
0
57

The benchmark IPC index closes up 1.1% at 44,868 points, while the Mexican peso strengthens against the US dollar, as some investors are increasingly betting that US president elect Donald Trump is unlikely to deliver on some of his controversial campaign promises--such as building a wall in the US-Mexico border and make Mexico pay for it. America Movil (AMX.MX) gains 2.9%, while bread-maker Bimbo (BIMBO.MX) closes up 3.2%. The peso, which hit record low levels in the days after Trump won the election, closes in Mexico City at 20.5710 to the dollar, down from 20.6510 Friday. Local markets were closed Monday for Revolution Day