Mexican Peso Advances on Higher Risk Appetite

The Mexican peso advanced today on the outlook that the demand for the higher-yielding assets will increase after the talks about the aid package for Greece will be concluded.

According to the words of the Greek Finance Minister the talks about the bailout package, provided by the European Union and the International Monetary Fund should be “concluded rather soon.” This announcement sparked expectations that the Greece’s crisis can be resolved with the satisfactory outcome, boosting the investors’ confidence and the risk appetite.

USD/MXN traded at about 12.1563 as of 14:40 GMT today after it opened at 12.1721.

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