On Friday, most Latin American stocks and currencies rose slightly and are expected to end the week on a strong trend; investors are weighing the results of the US midterm elections, strong US employment reports, and policy signals from regional central banks. The performance of the MSCI Latin American Currency Index is lackluster; overall, it is likely that the weekly decline will continue for the second week. The region's stock index rose 0.6%, but it is still slightly lower this week and is expected to continue its continuous decline until the fourth week. At the regional level, the Mexican peso rose 0.6%, recovering part of the decline caused by the Bank of Mexico's surprise reduction of the benchmark interest rate by 25 basis points on Thursday. The bank called the move a “one-time adjustment.” The peso is expected to record a moderate increase this week, which will put an end to eight consecutive weeks of decline caused by uncertainty in previous US trade negotiations and poor minutes of the central bank's September meeting. The Mexican stock market rose 0.3%, rising for the third day in a row, and is expected to achieve weekly gains.

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