Mexican Peso Weakens On Bad News From U.S

The Mexican peso weakened today, falling against the dollar for the whole week, after the reports showed that the index of the pending home sales in the U.S. fell and the jobless claims unexpectedly increased.

The U.S. is Mexico’s biggest trading partner. Therefore, the troubling news about the U.S. house market and the employment had its negative impact on Mexico’s currency.

USD/MXN traded near 13.017 as of 8:39 GMT today after it opened at 13.004.

If you want to comment on the Mexican peso’s recent action or have any questions regarding this currency, please, feel free to reply below.