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Mexican Peso Little Changed After Current Account Gap Increases

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.


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Post tags: Current Account, Mexico, Peso, USD/MXN

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Mexican Peso Little Changed After Current Account Gap Increases

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