Mexican peso strengthens amid dollar weakness

He Mexican Peso was spotted on Thursday for the third day in a row against global dollar weakeninglearning that new claims for unemployment benefits in the US increased last week, indicating that the labor market continues to cool.

The national currency was quoted at 16.91 units.with a slight rise of 0.04% compared to the Reuters benchmark price on Wednesday, although it had previously reached 16.86 per dollar, a level not seen since late August.

Over the past three sessions, the peso has accumulated a gain of 0.60%, albeit in a market with low business volume due to the year-end holiday period.

Mexican Stock Exchange rose on Thursday, albeit in a market with little business due to the year-end holiday period, as investors digested a report that showed new jobless claims in the United States increased last week.

Leading Index S&P/BMV Consumer Price IndexShares in the company, which brings together the most traded stocks in the domestic market, rose 0.32% to 57,737.72 points shortly after the open.

Media giant titles Televisa Group led the gain, rising 1.41% to P11.49, followed by Bimbo groupone of the world’s largest bread producers, which added 1.51% to 88.85 pesos.


Source: Aristegui Noticias