Peso loses ‘by a hair’ against the dollar – El Financiero
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The Mexican peso little changed in a week when traders’ attention will be focused on the monetary policy decision communicated by the United States Federal Reserve this Wednesday.
According to information from the Bank of Mexico (Banxico), the Mexican coin registered a depreciation of 0.07 percent or 1.23 cents with respect to its previous close. And the exchange rate it was located at 18.7787 pesos per dollar.
“In the last two sessions, the exchange rate has quoted most of the time in a channel between 18.71 and 18.80 pesos per dollar, looking for low levels before the expectation of a greater entry of dollars into the country via remittances and exportsdue to sustained economic growth in the United States,” said Gabriela Siller, director of economic analysis at Banco Base.
“However, the technical indicators continue to indicate that the downward trend in the exchange rate has lost strength and that a change in the upward trend could be observed in the coming sessions,” he added.
The dollar index (dxy) that measures the strength of the US currency against a basket made up of six currencies from developed countries shows an advance of 0.33 percent, at 102.26 integers.
Likewise, the Bloomberg dollar index (bbdxy) reflects an increase of 0.23 percent, in the thousand 224.96 integers.
In bank window, the dollar is sold at 19.30 pesos per greenback, according to data from Citibanamex.
In the money market, the yield of the 10-year Mbono, in Mexicois 8.99 percent, while the 10-year bond for the United States is located at a rate of 3.55 percent.
Among the most depreciated currencies this day, we find the Colombian peso with 1.67 percent, the South African rand 1.25 percent, Swedish crown with 0.92 percent, Norwegian crown 0.87 percent, Russian ruble 0.52 percent, Japanese yen 0.44 percent, among others more.