Mexico Stocks Open Lower, Peso Gives Back Gains Against Dollar

I blogged earlier today about the exchange rate of the Mexico peso. Today, Mexico's stocks opened lower, weighed down by losses in U.S. equities, while the peso lost ground against the dollar.

This, according to the Wall Street Journal:

"The peso was giving back some of the previous session's gains as the currency continues to move with swings in global investor moods about risk, and was quoted in Mexico City at MXN11.6650, according to Infosel, compared with MXN11.6250 at Thursday's close.

While weaker-than-expected U.S. economic data could keep the Fed dovish for longer, generating appetite for higher-yielding investments, "over recent weeks the market has gradually priced in the likelihood of a slowdown, thereby triggering flights from risky assets," BBVA said."