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Mexico peso hits 20-month high after inflation jumps
April 9, 2013 / 1:23 PM / 4 years ago

Mexico peso hits 20-month high after inflation jumps

MEXICO CITY, April 9 (Reuters) - Mexico’s peso firmed on Tuesday to its strongest level in 20 months after data showed the country’s inflation rate rose more than expected in March, undermining the central bank’s ability to lower borrowing costs.

The peso firmed 0.56 percent to 12.1166 per dollar, its strongest since August 2011.

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