Mexican Peso gains on U.S. budget speculations

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Mexican Peso advanced by 0.3% to 12.8090 per U.S. Dollar in the end of Mexico City trading session on Monday. The Peso reached a seven week high, as investors traded positive on optimism that U.S. lawmakers are making progress in next year U.S. budget agreement. This deal will allow to avoid the fiscal cliff and recession in the U.S. and thus will boost a demand for the Latin American goods.
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