Mexico's peso strengthened to its highest level since depths of the global recession as strong construction activity in US was likely to offer its southern neighbor a boost.

Mexican peso gained 0.675 pct to 12.30 pesos per U. S. dollar aided by data that expressed that United States manufacturing increased in the month of March at its fastest spped in over five years.

The dollar gained against the euro and yen whereas growing market currencies were generally assisted by the U. S. financial data.

The Mexican peso last hit its current levels 17 months back as economic market areas were roiling after a bankruptcy filing for Lehman Brothers.

Citigroup on Wednesday said Mexico's local-currency bonds could be compised in its WGBI bond index by October, an expected shift, which permitted peso to boost this quarter.

Mexican markets are closed on Thursday and Friday for Easter