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Mexican Peso Gains as US Economy Grows

January 30, 2014 at 19:58 by Vladimir Vyun

A heap of 100-peso billsThe Mexican peso advanced today as economic growth in the United States improved prospects for Mexico’s exports to its neighbor and the biggest trading partner.

US gross domestic product rose 3.2 percent in the fourth quarter of 2013. It was slower than predicted 3.3 percent and third quarter’s 4.1 percent, but growth was still relatively strong. This helped the peso, which also rose with the aid of the positive general market sentiment.

USD/MXN went down 13.3825 to 13.3755 as of 19:58 GMT today.

If you have any questions, comments, or opinions regarding the Mexican Peso, feel free to post them using the commentary form below.

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