In Czech: the peso “reached turbo”, outperformed the dollar and closed at 17.14.

Posted in ECONOMY He 01/26/2024 · 15:10

The Mexican peso behaves in the style of the “Czech” Perez: it “disturbed” it, outperformed the dollar and closed this Friday at 17.1443 units per dollarAccording to the Bank of Mexico (Banksico).

However, the currency registered a rise of 0.38 percent compared to the Central Bank’s benchmark price on Thursday.

Thus, during today’s session, the Mexican peso fluctuated at a maximum of 17.1860 units per dollar and a minimum of 17.1400.

And as a “curious fact”, this Friday a Mexican pilot Sergio “Checo” Perez celebrates his 34th birthday and “hangs out” like Mexican currency.

The peso’s rise comes in response to global dollar weakness following the release of US inflation data, which reportedly rose moderately in December. Reuters

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In such a scenario US Federal Reserve (The Fed) may begin lowering interest rates.

But the Mexican peso is losing in a week

Reuters quoted an analytical note from Monex Group in which he points out that the Mexican currency took advantage of the dollar’s weakness.

“The Mexican currency was helped by a weaker dollar this morning following the release of inflation data that was in line with expectations,” he said.

However, despite Friday’s gains, the Mexican peso fell 0.27 percent over the week.