Mexico’s Peso Gains on Draghi Low Rates Pledge; Bond Yields Fall

Mexico’s peso rose as a pledge from European Central Bank President Mario Draghi to keep rates low eased concern that near-zero borrowing costs in developed nations were set to increase.

Mexican peso drops on euro zone anxiety

MEXICO CITY (Reuters) - Brazil's real and Mexico's peso traded little changed on Monday as worries weighed that euro zone finance ministers would offer little in the way of containing a crisis that has been hurting Latin American economies.