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Mexican Peso Gains on Trade Optimism, Domestic Economic Strength
Mexican Peso Gains on Trade Optimism, Domestic Economic Strength
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The Mexican peso closed at 19.5223 per dollar, marking a 0.96% weekly gain as Optimism around U.S.-China trade talks buoyed emerging market currencies. China’s tariff exemptions on U.S. goods fueled hopes for de-escalation, though conflicting signals from Washington injected volatility.
Domestic data surprised positively, with February economic activity suggesting Mexico’s economy may be more resilient than analysts projected. The peso’s 0.30% daily rise reflected this dual catalyst of global risk appetite and local fundamentals.
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