Mexican Currency Up on Domestic Reports

After 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.

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