Mexico ’s peso rose the most in a week as speculation that European leaders will make progress in resolving the region’s debt crisis fueled demand for the Latin American country’s higher-yielding assets.

In the United States and Europe the market is stagnating due to anxiety about the crisis; in Mexico, 5% of the population buys more than half of these items that Latin America consumes.

Mexico’s peso advanced for a second day as optimism that European finance ministers will make progress in solving the region’s debt crisis helped boost demand for the country’s higher-yielding assets.