Mexico’s peso touched a seven-week high as optimism that U.S. leaders are making progress toward a budget deal that would avert a recession boosted the outlook for the Latin American country’s exports.
The peso appreciated 0.3 percent to 12.8142 per U.S. dollar at 1:48 p.m. in Mexico City. It earlier reached 12.7842, the strongest intraday level since Oct. 18. The currency has rallied 8.8 percent this year, the best performance among the greenback’s 16 most-traded counterparts.
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