Mexico’s Peso Leads Emerging FX Out of Post-Election Rout
- Mexican peso recoups some of its losses after two-day selloff
- Rand slides as traders react to South Africa coalition talks
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Emerging-market assets showed signs of a rebound after a selloff triggered by election results in some of the world’s biggest developing economies.
Mexico’s peso led peers higher, gaining as much as 2.1% against the greenback on Wednesday after a two-day slump left it at the lowest since November.