Mexico Peso Rises as Sign of U.S. Recovery Buoys Outlook

Mexico’s peso climbed the most in a week as evidence of a U.S. economic recovery boosted the Latin America country’s export outlook.

Templeton’s Mobius Buying Argentine Frontier Stocks at Cheapest Since 2009

Mark Mobius, who manages $45 billion at Templeton Emerging Markets Group, is buying Argentine stocks that are trading at their cheapest levels in almost three years.

Mexican Bank Holds Rates Steady On Tame Inflation, Slow Growth

MEXICO CITY—The Bank of Mexico on Friday left its overnight interest rate target unchanged at 4.5%, highlighting a slowdown in economic activity and a lack of overall inflation pressures in the economy.

The decision to leave the policy rate at the level it has been at since July 2009 came as no surprise, with the central bank widely expected to keep rates unchanged until the second quarter of 2012.