A lower appetite for risky assets causes the mexican peso widen its losses against the dollar, as investors continue to look for clues about the direction monetary policy will take, as well as in Israel’s response to Iran after the attack the previous weekend.
According to Bloomberg data, the national currency depreciates 1.80 percent, so the exchange rate is located at 17.01 units, 29 cents more compared to the Closing on Monday, April 15.
Why is the Mexican peso collapsing this April 16?
“The Mexican currency was affected by an increase in international risk aversionwith nervous operators as they waited Israel’s response to the recent attack by Iran. Israeli military leaders stressed the need to act, while European and American officials called for restraint“said Janneth Quiroz, director of economic analysis at Monex.
The dollar index (dxy)which measures the strength of the US currency against a basket of six currencies, shows an increase of just 0.05 percent, to stand around 106.25 points.
In the same way, the Bloomberg dollar index (bbdxy)operates at 1,265.40 units and obtained an advance of 0.29 percent.
While, according to Citibanamex figuresat bank windows the price of the green bill is 17.41 pesos each.
Which currencies depreciate the most against the dollar this Tuesday?
The currencies with the most losses are the Indonesian rupiah with 2.04 percent; the brazilian real with 1.58 percent; the Colombian peso with 1.15 percent; the polish zloty with 0.97 percent, and the chilean peso with 0.96 percent.
In the money market, the yield of the 10-year Mbono in Mexico is placed at a rate of 10.34 percent, while in the United States, the yield of the 10-year bond reaches a level of 4.68 percent.
