Mexican peso slightly up against US dollar in view of spike in oil prices

Both the Mexican peso and the Mexican Stock Exchange made gains on Monday as a result of the recent spike in oil prices, which closed at over 50 dollars a barrel for the first time since August in view of the optimism generated by OPEC's agreement to cut oil production.

The Mexican peso closed at 19.2955 per US dollar, up 0.39% compared to last Friday, which closed at 19.372 pesos per US dollar.

After a shaky week, the Consumer Price Index closed at 47,601.93 units, an increase of 356.13, thanks in part to gains reported by issuers such as América Móvil, Televisa and Grupo Financiero Banorte.

The Mexican Stock Exchange closed at 6,743 million pesos; 53 issuers reported gains, 58 reported losses and 10 reported no changes.