Today, after U.S. employment data indicating that jobs were suffered less losses than forecasts, risk appetite returned to markets worldwide, favoring emergent market currencies like the Mexican peso.
The Mexican peso gained for the third day in a row escaping from the second weekly losses as favorable reports improved the Mexican currency outlook, as appeal for high-yielding riskier assets returned today after favorable employment data was published in the United States. The Canadian dollar also benefited from this movements and gained versus its U.S. counterpart.
USD/MXN traded at 13.3755 as of 19:47 GMT from an opening rate of 13.5356 today.
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.
Source: topforexnews.com
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