Gloria Ciprian 12:30 p.m., Jan. 20
Mexico’s peso and stock market staying strong
Trading and currency showing positive results for start of 2013
Mexico’s stock market continues to strengthen, alongside a strong peso, as the benchmark IPC index of the nation’s top 35 stocks pushes into record territory. According to the Wall Street Journal, the index reached 44,980 during Friday morning trading.
The index was at 43,000 in December of 2012. Global emerging markets strategists at Citi have projected the IPC index could hit 51,000 by the end of 2013.
The Wall Street Journal also reported, on January 18th, that the Mexican peso is holding strong against the U.S. dollar. Although the peso lost some ground, slipping from MXN12.5810 to MXN12.6510 on Friday against the U.S. dollar, the national currency is hovering near its strongest level in almost 16 months.