By Valerie Rota
Nov. 4 (Bloomberg) -- Mexico's peso rose for a second day as gains in global stocks stoked demand for higher-yielding assets in developing nations.
The peso gained 1.2 percent to 12.6250 per U.S. dollar at 8:25 a.m. New York time, from 12.7775 yesterday. It has risen 6.3 percent since reaching a record low on Oct. 23.
To contact the reporter on this story: Valerie Rota in Mexico City at vrota1@bloomberg.net.
Tuesday, November 4, 2008
Mexico's Peso Advances for a Second Day on Global Stock Gains
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