Mexican Peso Rises for Third Straight Day as Unemployment Falls
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Mexico’s peso climbed for a third straight day after a report showed lower-than-forecast unemployment in February, indicating that Latin America’s second-largest economy is gaining strength.
The currency appreciated 0.4 percent to 13.1779 per U.S. dollar today, according to data compiled by Bloomberg. Local bonds due in 2024 climbed 0.17 centavo to 128.93 centavos per peso. Yields fell two basis points, or 0.02 percentage point, to 6.28 percent.