1.   Bonds rallied as traders and investors lowered their expectations for how soon and how much the central bank will boost interest rates to stifle inflation.

2.   A rebounding economy may prompt the Federal Reserve to lift rates at its February or March policy meeting to stifle inflation, some traders say.

3.   A stable peso stifles inflation and reduces the possibility the central bank will raise interest rates to defend its value.

4.   A stronger currency often reduces the likelihood the Bank of Mexico would raise local borrowing costs to defend its value and stifle inflation.

5.   A stronger peso increases the value of Mexican stocks in dollar terms and can stifle inflation, sending interest rates lower.

6.   A stronger peso makes Mexican stocks more valuable in dollar terms and can stifle inflation, sending interest rates lower.

7.   A stronger peso makes Mexican stocks more valuable in dollar terms and cuts the likelihood the central bank will raise interest rates to defend its value to stifle inflation.

8.   A softer peso makes Mexican stocks less valuable and raises the possibility that the Bank of Mexico will raise interest rates to defend its value and stifle inflation.

9.   A stable currency stifles inflation and makes it less likely the Bank of Mexico will raise interest rates to stifle a rise in consumer and producer prices.

10.   Agarwal and other analysts said the German central bank will want to see more evidence that inflation has been stifled before trimming the discount rate.