The Mexican peso recorded a day of gains, despite the fact that the local market remained closed for the holiday that commemorates the birth of Benito Juárez, while operators prepare to know the Fed monetary policy decision in this week.
In electronic operations this Monday, the Mexican currency appreciated 1.49 percent or 26.69 cents; and The exchange rate was 17.68 pesos per dollaraccording to Bloomberg data.
“He exchange rate could remain at a sustained oversold level if the war between the United States and Iran persists in the short term. The last time this happened was from August 2 to 6, 2024 and in that period the peso accumulated a depreciation of 3.84 percent or 72 cents, going from 18.86 pesos per dollar to 19.59 pesos per dollar,” indicated Gabriela Siller, director of economic analysis at Banco Base.
How is the dollar quoted TODAY?
At bank windows, The price of the dollar now stands at 18.38 pesos each one, according to data published by Banamex.
For its part, the dollar index (dxy), which is responsible for measuring the strength of the North American currency against a basket made up of six currencies of developed countries, reported a decrease of 0.58 percent, at 99.78 integers. Likewise, the Bloomberg dollar index (bbdxy) that operated at 1,208.96 units lost 0.65 percent.
In the money market, the yield on the 10-year bond for the United States is 4.23 percent, while the 10-year bond in Mexico remains at a level of 9.21 percent.
Other currencies that also advanced were the Brazilian real with 1.78 percent, South African rand 1.65 percent, Hungarian forint 1.54 percent, Chilean peso 1.25 percent, Polish zloty 1.08 percent, Peruvian sol 0.97 percent, Czech crown 0.85 percent, Romanian lei 0.79 percent, South Korean won 0.44 percent, to name a few.
