Quotes from Western Union:
- The Mexican Peso strengthened policy on the back of higher oil prices but fundamentals weakened as manufacturing exports fell 3.3% in January.
- With about 80% of all Mexican exports headed to the US the weaker Mexican Peso will add to the competitiveness which could help boost the Mexican economy.
- The trade deficit for January increased to 3.248 billion lead by a slowdown of factory made goods and car exports.