An increase in labor costs in the United States led to the Mexican peso to operate in loss territory at the beginning of the second trading day.
The data reported by Bloomberg show that the Mexican currency depreciates 0.38 percent, so the exchange rate is located at 17.07 units, 6 cents more with regarding the closing of Monday, April 29.
Why is the Mexican peso depreciating today, April 30?
“The Mexican peso is under pressure at times, after it was announced an indicator of labor costs in the United States. Traders focus their attention on the Fed meeting, which concludes tomorrow and on Amazon results”said CIBanco analysts.
Experts predict that the exchange rate could fluctuate between 16.95 and 17.13 units during the day of this April 30.
The dollar index (dxy)which measures the strength of the US currency against a basket of six currencies, increases 0.52 percent, to stand at 106.12 points, while the Bloomberg dollar index (bbdxy) It operates at 1,264.73 units after an advance of 0.51 percent.
While, according to Citibanamex figuresat bank windows the price of the green bill is 17.52 pesos each.
Which currencies depreciate the most against the dollar this Tuesday?
The losses are led by the australian dollar with 0.96 percent. They follow him the new zealand dollar with 0.95 percent; the south african rand with 0.82 percent; the japanese yen with 0.71 percent; the brazilian real with 0.57 percent.
In the money market, the yield of the 10-year Mbono in Mexico is placed at a rate of 10.33 percent, while in the United States, the yield of the 10-year bond reaches a level of 4.65 percent.
