(Bloomberg) -- Mexico's peso rose to a seven-month
high after a U.S. report showed employers hired more workers
than forecast last month, fueling optimism that demand for
Mexican exports will remain strong.
The peso rose as much as 0.4 percent, its third straight
daily advance. Payrolls in the U.S., Mexico's biggest trading
partner, grew by 157,000 in May, the Labor Department said
today. Job growth was greater than the 132,000 increase expected
by economists. The expansion in U.S. employment signaled
consumer spending will continue to drive dollar flows to Mexico.
Read more at Bloomberg Currencies News
high after a U.S. report showed employers hired more workers
than forecast last month, fueling optimism that demand for
Mexican exports will remain strong.
The peso rose as much as 0.4 percent, its third straight
daily advance. Payrolls in the U.S., Mexico's biggest trading
partner, grew by 157,000 in May, the Labor Department said
today. Job growth was greater than the 132,000 increase expected
by economists. The expansion in U.S. employment signaled
consumer spending will continue to drive dollar flows to Mexico.
Read more at Bloomberg Currencies News
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