Mexico’s Peso Climbs on on Pimco’s ‘Great Currency’ Post

Mexico’s peso rose the most among major Latin American counterparts as Pacific Investment Management Co.’s Bill Gross called it a “great currency.”

Gross, the founder of the world’s biggest bond-fund manager, cited Mexico’s low levels of debt and the stability of its target lending rate in a Twitter post today extolling the peso. The central bank has kept benchmark borrowing costs at a record low 4.5 percent for 32 consecutive meetings.