The Mexican peso anticipates another day of advances as the poor employment data in the United States published last week continues to echo.
According to the figures reported by Bloombergthe Mexican currency appreciates 0.39 percent, so the exchange rate is located at 16.90 units, 6 cents less compared to the closing on Friday, May 3.
What factor could appreciate the Mexican peso more against the dollar?
“The local currency could find additional support if the inflation rate in Mexico “It continues to be persistent despite high levels of interest, which would strengthen the vision of a greater Banxico rate differential against the Fed in 2024,” said Janneth Quiroz, director of economic and exchange analysis at Monex.
The dollar index (dxy)which compares the US currency against a basket made up of six currencies of developed countries, fell 0.02 percent at 105.01 points.
Of way contrary, the Bloomberg dollar index (bbdxy) presents a decline of 0.07 percent, standing at 1,250.29 units. At bank windowsthe dollar is quoted at 17.35 pesos each according to data from Citibanamex.
What currencies appreciate against the dollar this Monday?
The currency with the best performance at the opening of this Monday, May 6, is the chilean peso, which is appreciated 1.08 percent. They follow him the norwegian crown with 0.66 percent; the south african rand with 0.62 percent; the swedish crown with 0.54 percent, and the chinese yuan with 0.53 percent.
In the money market, the yield on the 10-year bond for the United States is 4.50 percent, while the 10-year bond in Mexico remains at a level of 9.92 percent.
