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Mexico peso strengthens, stocks go up on U.S. plan

RealNews / by

Mexico’s peso strengthened on Tuesday and stocks soared as a U.S. plan to inject $250 billion into troubled banks helped break the ice in credit markets, emboldening investors to return to emerging markets. The peso MEX01 firmed 0.83 percent to 12.3 per dollar, marking its second day of gains after being battered for eight straight sessions, while the IPC stock index .MXX jumped 3.76 percent 22,925 points.Full_Story

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