Mexico City. At the start of the last day of the week, the peso depreciated 0.10 percent compared to Thursday’s close, as the exchange rate stood at 19.95 units of the Mexican currency for each dollar.
Analysts at Grupo Monex commented that the peso is repeating the pattern of recent weeks, although it corrected part of the weekly decline due to weak economic data in the United States and considering the lack of local news on the agenda.
The spot dollar, which is used for wholesale operations, appreciated by 10 Mexican cents at the beginning of Friday, after the previous session broke the floor of 20 pesos for each US currency.
The volatility of the exchange rate this week is mainly explained by the approval of the opinion on the reform of the Judicial Branch in the Chamber of Deputies, which has already been passed to the Senate to be discussed and possibly approved next week.
Meanwhile, the BMV S&P/BMV IPC index of the Mexican Stock Exchange (BMV) began the session at 51,821.55 points, which meant an increase of 160.07 or 0.30 percent higher than the 51,661.48 points with which it closed on Thursday.
#Peso #depreciates #trading #dollar
– 2024-09-15 01:56:04
