The Mexican peso The session starts this Tuesday at the floor of the 17 units against the dollar, favored by an apparent weakening of the US economy, as both the manufacturing and services sectors slowed down, which could support the disinflationary process to continue and provide room for the Federal Reserve cuts the rate.
According to data from Bloombergthe national currency appreciates 0.77 percent, so the exchange rate is located at 17 units, 13 cents less compared to the close of Monday, April 22.
Why is the Mexican peso appreciating today, April 23?
According to CIBanco analysts, The Mexican peso registers some stability as the geopolitical situation in the Middle East brings some calm to a market that focuses its attention on macroeconomics and corporate results.
Furthermore, they anticipate that, for the rest of the day, the exchange rate It will fluctuate between 17.05 and 17.22 pesos per dollar.
As for the dollar index (dxy)which measures the strength of the North American currency when comparing it against a basket made up of six major currencies, fell 0.31 percent at 105.74 points.
The same way, the Bloomberg dollar index (bbdxy) It falls 0.28 percent, to stand at 1,260.69 units.
This has caused a drop in the price of the greenback at bank windows, as it now stands at 17.41 pesos each, according to the data published by Citibanamex.
Which currencies gain the most against the dollar this Tuesday?
The most appreciated currencies so far are the russian ruble with 0.48 percent; the chilean peso with 0.31 percent; the pound sterling with 0.30 percent; the hungarian forint with 0.21 percent; the polish zloty with 0.20 percent, among others.
In the money market, the yield on the 10-year bond for the United States is 4.58 percent, while the 10-year bond in Mexico remains at a level of 10.27 percent.
