Mexico's Peso Advances for a Second Day on Global Stock Gains

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.