/arc-anglerfish-arc2-prod-infobae.s3.amazonaws.com/public/4YSLQ423GRHF7KOHJGK2S55JWU.jpg "The peso rises to its best in April due to advances in the OPEC summit")
The Mexican peso appreciated on Thursday in international operations after a rebound in oil prices and after the Federal Reserve of the United States unveiled new supports that seek to keep the country’s economy afloat in the face of the coronavirus epidemic.
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The currency was trading at 23.3560 per dollar, with a profit of 2.71% compared to 24.0075 of the price Reuters benchmark on Wednesday. The currency was trading at its best level this month.
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Crude prices soared after reports emerged that OPEC and allied producers will discuss oil production cuts of up to 20 million barrels per day (bpd) on Thursday, equivalent to 20% of world supplies.
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Moscow and Riyadh would have managed to overcome the main obstacles to reach a new pact of production cuts.
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Meanwhile, the Fed announced a broad USD 2.3 billion program to aid local governments and small and medium-sized companies, a measure that caused the dollar to fall.
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