MEXICO CITY, Jan 24 (Reuters) - Mexico's peso firmed for the third straight day on Thursday and stocks jumped amid optimism about U.S. government and central bank efforts to boost the world's largest economy.
The peso MEX01 strengthened 0.39 percent to 10.898 per dollar, while the benchmark IPC stock index .MXX rose 1.03 percent to 27,905.13 points.
The U.S. Congress and the White House agreed on the details of a $150 billion package, first announced last week, to stimulate the economy of the United States which many investors fear is slipping into a recession.
While many investors fear that the U.S. will slowly slip into a recession, the value of a Mexican peso increased by .39 percent. This can only mean good things for the Mexican economy.
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