Mexican Peso Climbs to Two-Month High on Surprise Trade Surplus
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Mexico’s peso rose to a two-month high after a report showing an unexpected trade surplus in February supported growth expectations for Latin America’s second-biggest economy.
The peso appreciated 0.4 percent to 13.0816 per U.S. dollar today, the strongest level since Jan. 10, according to data compiled by Bloomberg. Benchmark peso bonds due in 2024 increased for a fifth consecutive day, rising 0.46 centavo to 130.12 centavos per peso. Yields fell five basis points, or 0.05 percentage point, to 6.15 percent.