The peso depreciated this Friday amid a global advance in the dollar following the release of solid US employment figures, which reinforced the perspective that the Federal Reserve (Fed) will maintain a cautious approach to rate cuts this year.
The peso was trading at 20.6250 units, with a decline of 0.71% compared to the LSEG reference price on Thursday, pointing to its fourth day in a row of losses, also hit by concerns about the implications of Donald Trump’s next term, which begins the January 20.
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Peso accumulates depreciation of 0.03% during the week
The United States Department of Labor reported that 256,000 jobs were created in December, above expectations, compared to a figure of 212,000 in the previous month. The unemployment rate, meanwhile, fell to 4.1% from a level of 4.2%.
Following the data, traders were betting that the Fed will wait at least until June to reduce its interest rate and end its cycle of cuts. Before the report, they expected the reduction in May and that there was a 50% chance of a second reduction before the end of the year.
Over the course of the week, the peso added a marginal depreciation of 0.03%.
With information from Reuters
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