Mexico City. The Mexican peso appreciated this Friday amid a global decline in the dollar following the release of a weak US labor market report that boosted bets that the Federal Reserve (Fed) would cut interest rates earlier than expected and more strongly. The domestic currency MXN= was trading at 16.8910 per dollar, with an … Read more
Mexico City. Optimism over interest rate cuts in the United States, following the April non-farm payrolls report, which suggests a moderation in US employment, caused the dollar to lose strength globally and emerging currencies, such as the peso, appreciated. Mexican. At the close of the interbank market, the Mexican peso appreciated 0.66 percent, equivalent to … Read more
Mexico City. The truce in the publication of relevant macroeconomic data favors greater stability in the currency market. At the opening of the American markets, the Mexican peso remains stable, trading above 16.8672 units per dollar; At the close of Monday, the exchange rate closed at 16.8813 pesos per spot dollar. Meanwhile, the dollar remains … Read more
Mexico City. On the last day of the month, the exchange rate and the Mexican Stock Exchange (BMV) began the session negatively, this in a context in which the growth estimate for the first quarter of 2024 was published in Mexico and in the United States labor cost data for the same period. According to … Read more
Mexico City. As we wait for the Federal Reserve’s (Fed) two-day monetary policy meeting to conclude this Wednesday, financial markets are operating mixed. While the operation of the Mexican financial markets is on break for the Labor Day holiday, exchange rate operations in international markets operate between 17.0700 pesos per dollar, a recovery with respect … Read more
Mexico City. After yesterday’s holiday in Mexico and the outcome of the meeting of the United States Federal Reserve (Fed), which left interest rates at 5.5 percent and delayed the cuts schedule, financial markets are trying to recover ground this Thursday. At the opening of American markets, the Mexican peso maintains optimism by maintaining its … Read more
Mexico City. The strength of the peso against the dollar caused the flow of resources that families obtain from the income from remittances sent to them by their relatives abroad to fall by 15 percent during March, BBVA announced. This morning, the Bank of Mexico (BdeM) reported that during March the remittances received by the … Read more
Mexico City. High interest rates for longer continue to resonate through the markets. Pending new announcements and new reactions to geopolitical events, the dollar resumes its gains this Thursday. At the opening of the American markets, the Mexican peso operates with a depreciation against its US counterpart of 0.51 percent, to operate at around 17.0414 … Read more
Mexico City. The Mexican peso depreciated more strongly this Friday than other global currencies, shaping up to culminate a week of heavy losses, following news of an Israeli attack on Iranian soil that prompted investors to get rid of risky assets. The local currency MXN=, one of the most liquid among emerging markets, was trading … Read more
Mexico City. The Mexican peso depreciated this Friday for the fourth consecutive day in the face of a global strengthening of the dollar, due to growing expectations that the Federal Reserve (Fed) could extend its restrictive monetary policy. The domestic currency MXN= was trading at 16.6162 per dollar, with a loss of 1.11 percent compared … Read more