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Mexican Currency Up on Domestic Reports

Mexican PesoAfter a series of positive domestic reports, the Mexican currency extended its previous gains climbing further versus the U.S. dollar as investors are more confident to invest in the Latin American nation.

The peso touched a three-month high versus the U.S. dollar after consumer confidence and home sales in the country came better than expected, helping the Mexican currency to advance against a weakened dollar, that also touched record lows versus several other currencies.

USD/MXN closed at 12.85 today from a previous close of 12.93 yesterday.

If you want to comment on the Mexican peso’s recent action or have any questions regarding this currency, please, feel free to reply below.


This entry was posted on Thursday, November 26th, 2009 at 1:31 am and is filed under Mexican Peso. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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