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The exchange rate traded lower on Friday in Mexico in the face of the appreciation of the peso, which climbed to record its second consecutive week of gains, while investors remained vigilant to performance in the rate of bonds the American Treasury, after which they reached on the eve a maximum of 14 months.
In the morning, the price of the dollar stood at 20.4489 pesos in the Mexican market, a value lower by 0.11% compared to 20.4710 pesos in the reference price of Reuters on Thursday.
In the week, the Mexican peso accumulated a gain of just over 1%, according to data from Refinitiv Eikon. “Mexican peso is the most appreciated currency among the currencies of emerging countries”, Said earlier Gabriela Siller, director of analysis at Banco Base, quoted by Reuters.
He added that “The appreciation of the peso is not associated with any particular event in Mexico (…) happens after the Treasury bond rate fell.”
On the other hand, the Mexican Stock Exchange operated with losses in its first operations. The S&P BMV IPC index recorded a decline of 0.16% and stood at 47,496.06 points at 08:41 local time.