Mexico's Peso Rallies Thanks to U.S. Thanksgiving Sales

Via Bloomberg.com:
Mexico’s peso jumped the most in three weeks as record U.S. Thanksgiving retail sales boosted optimism for exports from Latin America’s second-biggest economy. The peso rose 1.5 percent to 14.0258 per U.S. dollar at the close in Mexico City, for the biggest advance since Nov. 3. Retail sales totaled $52.4 billion during the U.S. holiday weekend and the average shopper spent $398.62, up from $365.34 a year earlier, the Washington-based National Retail Federation said yesterday, citing a survey conducted by BIGresearch. Additionally, Mexican exports increased by $1.27 billion in October from September to $30 billion, according to preliminary data from the national statistics agency. The U.S. is the destination for 80 percent of Mexico’s exports.