After rallying for several days in a row together with most emergent market currencies as optimism rose globally, the Mexican peso had its first decline versus majors as jobless claims are still on the rise in U.S., raising concerns of the employment conditions in the wealthiest country of the world.
The Mexican currency had its first decline in three days after the government of Mexico discussed 2010’s budget and jobless claims rose in the U.S., impacting the peso from both domestic and international economic scenarios.
USD/MXN traded at 13.2445 as of 18:38 GMT from an opening rate of 13.1860.
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