Mexican Peso Hits Two Month High as Crude Rises Above $35

The Mexican peso strengthened to around 22.5 per dollar, its highest in over two months, as Brent crude rose above $35 a barrel on signs of fuel demand recovery. Mexico posted a April trade deficit of $3.807 billion, with exports down 40.9% year on year, and the central bank had cut rates by 50 basis points on May 14.