Friday, June 15, 2007

Mexico's Peso, Local Bonds Rise After Report Shows U.S. Inflation Slowed

(Bloomberg) -- Mexico's peso rose for a third day
after a U.S. government report showed consumer inflation slowed
last month.

Mexico's local-currency bonds also advanced as the report
damped speculation the Federal Reserve will boost borrowing
costs this year, increasing the allure of riskier, higher-
yielding assets.


Read more at Bloomberg Currencies News

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