(Bloomberg) -- Mexico's peso and local-currency
bonds rose as expectation the U.S. Federal Reserve won't raise
borrowing costs this year raised the attractiveness of higher-
yielding emerging-market assets.
The gain in the peso today came amid a surge in 20 other
emerging-market currencies out of the 26 tracked by Bloomberg.
The Fed kept its benchmark interest rate at 5.25 percent for an
eight straight meeting last week as its preferred measure of
inflation rose at the slowest pace in two years in May.
Read more at Bloomberg Currencies News
bonds rose as expectation the U.S. Federal Reserve won't raise
borrowing costs this year raised the attractiveness of higher-
yielding emerging-market assets.
The gain in the peso today came amid a surge in 20 other
emerging-market currencies out of the 26 tracked by Bloomberg.
The Fed kept its benchmark interest rate at 5.25 percent for an
eight straight meeting last week as its preferred measure of
inflation rose at the slowest pace in two years in May.
Read more at Bloomberg Currencies News
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