Mexican Peso Little Changed After Current Account Gap Increases

The Mexican peso was little changed against the US dollar at the start of Friday’s trading after the release of a current account report on Thursday that showed an increase of a deficit.
Mexico’s current account shortage rose to $7.852 billion in the second quarter of this year. The first quarter’s figure was revised from a deficit of to $6.991 billion to $7.597 billion. In general, currencies of emerging markets were relatively strong during the Thursday’s trading session as the dollar backed off ahead of the Jackson Hole symposium on Friday.
USD/MXN traded little changed at 18.3645 as of 22:20 GMT today.

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