The Mexican Peso rises as sentiment improves due to gains for tech giants and the easing of real-estate regulations in China.
Microsoft and Alphabet stock prices soared at the end of last week, lifting the whole market higher.
Speculation of the Chinese authorities easing property market regulations helps soothe investor fears, further supporting sentiment.
The Mexican Peso (MXN) trades higher against its key counterparts on Monday morning on the back of a wave of positive market sentiment. Asian stock indices noted gains at the end of their session, with Hong Kong’s Hang Seng Index up 1.6% and China’s Shanghai Composite closing up 0.79% at the time of writing.
USD/MXN is trading down 0.30% at 17.10, EUR/MXN is down over 0.10% at 18.34 and GBP/MXN is down a similar amount at 21.43, at the time of publication during the European session.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.