Equities Markets Rally Influences Mexican Peso

The Mexican peso had a positive day after severe declines as stocks in the U.S. climbed, attracting investors to purchase once again emergent market currencies, favoring peso-priced assets and several other Latin American currencies.
After rather negative news in the beginning of the week which impacted stock markets worldwide, today, a slight reaction could be perceived, which helped the peso to gain today after its biggest drop in three-months influenced by bearish markets and negative news during the previous days.
USD/MXN traded at 12.95 as of 18:59 GMT from an opening price today of 13.02.

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