The Mexican peso recorded advances against the dollar, At the same time, operators focused their attention on the publication of different economic data in the United States, among which the PCE inflation data stood out, which was very close to analysts’ forecasts.
According to the figures reported by the Bank of Mexico (Banxico), The national currency appreciated 0.39 percent or 6.70 cents, compared to its last closing, after reaching a level of 17.1466 pesos per greenback.
However, in the last five days, The local currency accumulated a decline of 0.18 percent or 3 cents, which meant a third week of losses.
Why is the Mexican peso appreciating today, April 26?
“The Mexican currency was favored by data published in the US that show that consumer spending and income remain strong, which can continue to support the entry of dollars into Mexico,” said Janneth Quiroz, director of economic and exchange analysis at Monex.
The dollar index (dxy), which compares the US dollar against a basket formed for six currencies of developed countries, shows an increase of 0.34 percent, at 105.96 points.
Likewise, the Bloomberg dollar index (bbdxy) presents an advance of 0.20 percent, standing at 1,262.69 units.
All of the above has left The US dollar is sold at 17.60 pesos each at bank windows, as indicated by the data reported by Citibanamex.
What currencies are appreciating this Friday?
In the money market, the 10-year bond yield for the United States is 4.65 percent, while the 10-year bond in Mexico remains at a level of 10.34 percent.
Besides of Mexican peso, Other currencies that reported advances against the dollar were the Colombian peso 1.35 percent, South African rand 1.17 percent, Brazilian real 0.87 percent, Russian ruble 0.43 percent, Peruvian sol 0.31 percent, Philippine peso 0.19 percent, Turkish lira 0.17 percent, Malaysian ringgit 0.17 percent, to name a few.
