Pesos to Dollars

MEXICO CITY, September 2 (Reuters) - The Mexican stock closed Wednesday higher by Grupo Mexico mining increasing revenue, while the weight to break the fall of 7, a rebound in emerging market currencies came back after steep sell-off .

IPC stock index. MXX rose to 0.74 percent, 27,953.34 Peso MXN = MEX01 rose from 0.15 to 13.65% U. S. Dollar.

Group in Mexico (GMEXICOB.MX) shares rose by weight percent 4,54-23,03 shares continued to rebound after a legal victory this week would allow it to regain control of the copper company Asarco bankruptcy and prevent billions dollars of damage.

Grupo Mexico's shares have risen by about 20 meetings over the past two years, the sentence Monday night. [ID: nN01319464]

In Wal-Mart Mexico (WALMEXV.MX) increased from 0.52 to 46.49 pesos%. Mexico's largest retailer, expects same-store sales posted during the month of August increased by 4.4 days, according to a Reuters poll. [ID: nN02158961]

In currency trading, the weight gain of late most of the currencies of emerging markets have rebounded, the market is unstable, and spiking at 13.7930 pesos, the lowest since mid-July, early in the meeting.

"The volatility is terrible," said Martin, Omar del Campo, and banks in Mexico City Taste of Portugal currency traders Maas.

Bank of Mexico said that, in close Tuesday, would be through the expansion of U.S. dollars in the month of September of $ 50 million at auction every day.

This will help to calm the market, after speculation the central bank can suddenly end the auction, some traders said. Other sources said the auction drew to a close is still relatively removed a major psychological support for the weight.

"The market is studying this, that the government has no intention to continue to help the currency, said:" Eduardo Avila, an analyst at Monex brokerage in Mexico City.

Philippine peso will also be bad, they should avoid Mexico's debt rating may be cut slim prospect of further tax reform.

As for auctions in U.S. dollar, concerns about the prospects of Mexico's financial turmoil has helped to polish off the end of the price of weight, since 21 August to 6%.