The Mexican peso rebounded against the U.S. dollar on Friday but still finished the week weaker. Banco de México's benchmark was 18.6601 pesos per dollar on Oct. 23, up from 18.5045 on Oct. 16, a 0.84% rise in the peso-per-dollar quote that equals a 0.83% drop in the peso's dollar value. The rate fell from 18.7134 on Oct. 22 to Oct. 23, implying a roughly 0.3% daily gain for the peso. INEGI said its Global Economic Activity Indicator rose 0.6% from July and 3.5% year on year in August, using seasonally adjusted figures. The University of Michigan put its final October Consumer Sentiment Index at 48.0, compared with 48.1 in September.
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