Bloomberg and Ramon Cordova

Ramon Cordova: Three-month historical volatility, a measure of the pesos fluctuations during the period, declined to 9.2 percent today, according to data compiled by Bloomberg. The peso appreciated 0.2 percent to 13.0301 per U.S. dollar, the biggest advance against the dollar among the greenbacks 16 most-traded counterparts, according to Business Week. The market is waiting for the passage of the secondary laws, Ramon Cordova, a trader at Banco Base SA, said in a telephone interview and Mexicos peso volatility dropped for a sixth day as investors awaited the presentation of proposed regulations to put into effect constitutional changes that were enacted to support growth. Investors are waiting for President Enrique Pena Nieto to propose rules for implementing constitutional changes to open the energy industry, which his administration predicts will boost growth by 1 percentage point by the end of his term. Finance Minister Luis Videgaray had said he wanted the measures, known as secondary laws, to be presented and passed by next week, when the current congressional session ends. (news.financializer.com). As reported in the news.