Wednesday, 16 May 2007

Mexican Peso Rises to 4-Month High on Inflows After U.S. Production Report

(Bloomberg) -- Mexico's peso rose to a four-month high after a U.S. report bolstered optimism that consumer demand for Mexican exports will buttress dollar inflows.

Mexico's currency snapped two days of declines after U.S. government figures showed industrial production increased more than forecast last month following a decline in March. The U.S. purchases about 80 percent of Mexican exports.


Read more at Bloomberg Currencies News

No comments: