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Mexico's peso advances as US export outlook improves

Tuesday, March 26, 2013

Mexico’s peso advanced to an 18-month high after orders for US durable goods climbed more than economists forecast, bolstering the outlook for the Latin American nation’s biggest export market.

The peso touched 12.3079 per US dollar, the strongest intraday level since September 2011.

The currency has risen 4.3 percent this year, the most among the dollar’s 16 major counterparts tracked by Bloomberg, after an 8.4 percent rally in 2012.

Source: Bloomberg