Mexico's stock market rallied for a fifth straight day to a fresh record intraday high on Wednesday, but its peso currency weakened on concerns over higher U.S. interest rates.
Worries that the U.S. Federal Reserve could increase rates as soon as September after a muted market reaction to Britain's decision to leave the European Union weighed on the
high-yielding currency.
But many traders would see higher Fed rates as an evidence of strength in the world's biggest economy, spelling good news for Mexican companies since the country mainly exports to the United States.
"Stock . . .
