Mexico’s Peso Rises, Heading for First Annual Advance Since 2005
 Eric Martin - Bloomberg
go to original
December 31, 2009
| | The peso has increased 3.5 percent this quarter, the most against the dollar among the 16 most-traded currencies tracked by Bloomberg. | |
Mexico’s peso strengthened, heading for its first annual advance since 2005, as initial jobless claims in the U.S., the nation’s largest trading partner, fell to the lowest level since July 2008.
The Mexican currency advanced 0.2 percent to 13.0599 per U.S. dollar at 10:51 a.m. New York time, from 13.0847 yesterday, extending its climb this year to 4.7 percent. The peso has increased 3.5 percent this quarter, the most against the dollar among the 16 most-traded currencies tracked by Bloomberg.
Fewer Americans than anticipated filed claims for unemployment benefits last week, pointing to an improvement in the labor market that will help sustain economic growth next year.
Initial jobless claims fell by 22,000 to 432,000 in the week ended Dec. 26, the lowest level since July 2008, Labor Department figures showed today in Washington. The number of people receiving unemployment insurance decreased in the prior week to 4.98 million, and those receiving extended benefits jumped.
|
Vallarta Weddings
Business News | December 2009 
Tell a Friend
Site Map
Print this Page
Email Us