Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mexico Peso Falls Amid Growing Concern Fed Will Taper Stimulus

Mexico’s peso fell for a third day on growing concern the Federal Reserve will taper a stimulus program that has boosted demand for emerging-market assets.

The currency depreciated 0.6 percent to 12.4917 per U.S. dollar at 10:14 a.m. in Mexico City, paring its rally this year to 2.9 percent.

The peso was the biggest loser among major Latin America currencies as Fed Chairman Ben S. Bernanke said yesterday that the flow of bond purchases could be reduced “in the next few meetings” if the U.S. central bank is confident gains in the economy can be sustained.

“With all the liquidity we’ve seen in recent years and all the flows that emerging-markets like Mexico have received, our sensitivity has increased significantly,” Rafael Camarena, an economist at the local unit of Banco Santander SA, said in a telephone interview from Mexico City.

Mexico’s consumer prices fell 0.35 percent in the first half of the month, the national statistics agency said today on its website. The median estimate of 19 economists surveyed by Bloomberg was for a 0.42 percent drop.

Yields on peso bonds due in 2024 rose 14 basis points, or 0.14 percentage point, to 5.07 percent today, according to data compiled by Bloomberg. The price fell 1.50 centavos to 143.14 centavos per peso.

Factory output in China shrank in May for the first time in seven months, a report from HSBC Holdings Plc and Markit Economics showed.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.