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the exchange rate operated with an upward trend Friday a Mexico but the peso was heading for its third consecutive week of gains, amid a weakening dollar and a fall in U.S. Treasury bond yields.
In the morning, the price of dollar was trading at 19.9480 pesos in the Mexican market, a level 0.07% higher than the 19.9340 units of the previous day, according to Reuters data.
The meta-analysis consultancy said in a report that “Following the decline in bond yields in the United States since the end of March this year, the dollar has been depreciating against most currencies, mainly against the basket of the six major currencies , and this has given rise to other assets “.
The dollar would record a second week of losses and the benchmark yield on Treasury bonds remained close to the nearly one-month lows it set in the previous session on Friday as investors increasingly believe in the insistence of the Federal Reserve (Fed) to maintain an accommodative political stance for a long time.
If it stays at the levels at which it operated on Friday, Reuters estimates that the Mexican peso would close the week with a gain close to 1%, while the year records a loss of 0.4%.
On the other hand, the Mexican Stock Exchange (BVM) was trading with gains this Friday. The S & P / BMV IPC benchmark rose 0.46% to 48,735.67 points at 11:26 local time.