The Mexican peso gained today as the industrial production expanded more than expected signaling about the increasing pace of Mexico’s economic recovery.
The industrial production in Mexico expanded 7.6 percent in March from the previous year. This added confidence in the currency of the country, which economic recovery was a bit slow recently. The yield on Mexican 10 percent peso bond maturing in 2024 dropped 0.04 percentage point to 7.64 percent.
USD/MXN traded at about 12.3355 as of 08:36 GMT today down from the opening price of 12.3360.
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