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Mexican Peso Little Changed After Current Account Gap Increases

August 25, 2016 at 22:26 by Vladimir Vyun

Many Mexican peso banknotesThe 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.

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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