Mexico ’s peso gained for the first day in four after a Spanish bond auction eased concern over Europe’s debt crisis and U.S. unemployment claims fell to a three-year low, boosting the outlook for growth in Latin America’s second-largest economy.

CHICAGO (MarketWatch) The governor of the Bank of Mexico said Wednesday the peso has depreciated too much following volatility driven by Europe's sovereign debt crisis, though he expects a rebound "when the dust settles."

MEXICO CITY -- Mexico's Senate is mulling modified protocols that would facilitate exports of Mexican agricultural products to the European Free Trade Association, or EFTA.