The Mexican peso climbed as investors grew confident that President Andres Manuel Lopez Obrador will solve a standoff with airport bondholders that had roiled markets.
The peso gained 1.2 percent to a six-week high on Dec. 20 after news that a majority of bondholders accepted Mexico’s offer to buy back $1.8 billion in debt used to fund the construction of an international airport that Lopez Obrador has said he’ll cancel.
