Mexico's Peso Strengthens Against Dollar as Oil Surges to 10-Month High

(Bloomberg) -- Mexico's peso rose as the price of
crude oil, the country's biggest export, surged.

Oil advanced to an almost one-year high in New York after a
U.S. government report indicated supplies dropped last week. A
report today showing a decline in U.S. unemployment last week
also fueled optimism that consumer demand for other Mexican
exports will remain strong. The U.S. buys about 80 percent of
Mexico's goods sold abroad.


Read more at Bloomberg Currencies News