Mexico Peso Rallies Most in Three Weeks on Optimism for Exports
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Mexico’s peso jumped the most in three weeks as record U.S. Thanksgiving retail sales boosted optimism for exports from Latin America’s second-biggest economy.
The peso rose 1.5 percent to 14.0258 per U.S. dollar at the close in Mexico City, from 14.2305 on Nov. 25, for the biggest advance since Nov. 3. It’s lost 12 percent this year, the most among the six most-traded Latin American currencies tracked by Bloomberg.