The peso climbed 0.6 percent to 13.9498 per U.S. dollar at 4 p.m. in Mexico City. All 16 major currencies climbed on the day against the dollar.
Greek opinion polls showed growing support for parties backing a bailout plan. Greece’s New Democracy placed first in all six opinion polls published on May 26 as campaigning continued for the general election on June 17.
“Any news that’s not bad regarding Greece helps the market,” said Miguel Blando, a currency trader at Intercam Casa de Bolsa SA in Mexico City. “It gives you a bit of an excuse to not be so negative on the peso because the Mexican fundamentals are still good.”
“Higher petroleum prices imply a greater flow of dollars into the country and that has to help you,” said Erick Urtuzuastegui, an economist at Prognosis, a provider of economic research to Mexican banks and brokerages.
Yields on Mexico’s benchmark peso bonds due in 2024 fell three basis points, or 0.03 percentage point, to 6.23 percent. The price of the securities rose 0.3 centavo to 132.71 centavos per peso.
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