Peso Explodes

From Reuters

MEXICO CITY – Mexico's peso rose sharply to a two-year high Monday as investors anticipated that the country's central bank will hold interest rates steady at its monthly policy meeting on Friday. Stocks edged down.
The peso firmed 0.47 percent to 10.487 per dollar at the official central bank close, boosted by expectations that the spread between U.S. and Mexican yields will widen further, making peso assets more attractive.