Mexican peso weakens after U.S. employment data
(Adds comment and stock movements)
MEXICO CITY, Nov 6 (Reuters) - Mexico's peso slipped on Friday after data showed the U.S. unemployment rate jumped to 10.2 percent, stirring concerns over the strength of economic recovery in the United States, Mexico's main trade partner.
The peso MXN=MEX01 lost 0.28 percent to at 13.3225 per dollar.
U.S. data showed U.S. non-farm employers cut 190,000 workers from their payrolls in October, a bigger cut than expected, while the unemployment rate rose more than expected to hit 10.2 percent, the highest in more than 26 years.
"There is no justification to keep expecting a 'V' shaped rebound in the North American economy," Salvador Moreno, an economist at ING in Mexico City, wrote in a note to clients.
Mexico is counting on a rebound in U.S. consumer demand for its exports to help pull out of the worst local recession since the 1930s.
The IPC stock index .MXX shook off early losses to gain 0.20 percent, boosted by a 1.86 percent gain in cement maker Cemex (CMXCPO.MX) to 14.81 pesos. (Reporting by Michael O'Boyle, Editing by Chizu Nomiyama)
