The Mexican peso is experiencing gains against the U.S. dollar in Tuesday morning trading, buoyed by lower-than-expected producer price index (PPI) data from the United States, which is bolstering investor confidence.
As of the morning, the spot exchange rate stands at 19.0350 pesos per dollar, reflecting an improvement of 4.94 cents, or 0.26 percent, compared to Monday's official closing price of 19.0844, according to data from the Bank of Mexico (Banxico).
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