Reuters: US Dollar Report: Mexico's peso firms, crosses 50-day moving average

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Mexico's peso firms, crosses 50-day moving average Jun 27th 2012, 14:22 MEXICO CITY, June 27 | Wed Jun 27, 2012 10:22am EDT MEXICO CITY, June 27 (Reuters) - Mexico's peso firmed sharply on Wednesday after U.S. pending home sales matched a 2-year high. The currency was also supported by polls showing a clear front-runner in Mexico's presidential elections on Sunday. The peso firmed as much as 0.75 percent to 13.6520 per dollar, crossing the 50-day moving average, a technical support level it has been unable to close past since early April. The move could suggest further gains.

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