Mexican Peso Rises Most Since June After Central Bank Statement
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Mexico’s peso climbed the most since June as the central bank cited signs of economic recovery, adding to speculation that the currency will become more attractive as policy makers raise borrowing costs next year.
The peso rose 0.9 percent to 13.0327 per U.S. dollar at the close of trading, the biggest gain among 31 major currencies tracked by Bloomberg after Chile’s peso. Mexico’s peso was up 0.4 percent this week.