Story perspectives
Mexican Peso Sees Weekly Gain Despite Mixed U.S. Data
2/8/2025
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Story summary
- The Mexican peso closed at 20.5450 per dollar on Friday, impacted by a stronger U.S. dollar and mixed labor data.
- U.S. job growth slowed in January, adding 143,000 jobs, while the unemployment rate dropped to 4%.
- Mexico's inflation rate decreased to 3.59%, indicating potential for further interest rate cuts by Banxico.
- Despite Friday's decline, the peso appreciated 0.69% over the week amid cautious trading and trade tensions.
