Speculations that the Federal Reserve will put a tapering programme for its stimulus in place at the end of its meeting tomorrow have caused drops on various currencies, but the most steep one among the world’s major currencies was seen in the Mexican peso.

The peso lost 0.4 percent against the U.S. dollar, while profits on fixed-rate peso bonds that will mature in 2042 gained 4 points or 0.04 percent. The 0.4 percent increase the peso had last week after the Mexican congress passed a bill ending the state oil monopoly has only short-lived.

A survey conducted by Bloomberg, showed that 34 percent of economists expect the Fed to begin curbing its monthly $85-billion bond-purchasing programme at its meeting on 17th-18th December, compared to only 17 percent in a poll held on 8th November.

Yesterday data showed that industrial production in the U.S. expanded 1.1 percent in November, compared to a revised 0.1 percent in the previous month that had originally been reported as a decrease, according to a report from the Fed today. Economists surveyed earlier had expected a 0.6 percent increase. The index of industrial production overall rose to 101.3, for the first time surpassing the levels it held in 2007 before the recession hit.