Business · Markets · 2 hrs ago

Mexican peso gains 0.23% at start of Asian trading

Mexican peso gains 0.23% at start of Asian trading

The Mexican peso rose 0.23% against the US dollar at the start of trading in Asia.

It opened at 18.4620 pesos per dollar, compared with Friday’s Bank of Mexico closing rate of 18.5045.

The move came after six straight weeks of losses against the dollar through October 16.

Over that period, the peso lost 9.55% against the US currency.

It was also down 2.11% for October and 2.76% for the year.

The latest rise is a small gain after an extended decline, and the figures provided do not say what will happen next.

1 source

Related