The peso accumulated a weekly loss of 3.11%, its worst performance since the last week of August, according to Banxico data.
The dollar stood at 19.8860 pesos at the close of this Friday, a slight decline of 0.03% for the national currency compared to the previous day.
The peso fell after a volatile day marked by growing concerns about an eventual electoral victory for Donald Trump in the US elections in November.
So far this year, the peso has accumulated a fall of 17.3%, and analysts and investors believe that it could continue to be under pressure at least in the short term.
Read: From bitcoin to the Mexican peso: Market bets resurface on a possible Trump victory
During today’s session, Federal Reserve officials made public statements, including Atlanta Fed President Raphael Bostic, who said he will be patient in cutting interest rates.
“Going forward, as the United States presidential elections approach, exchange rate volatility is expected to increase,” the Banco Base firm stated in an analysis note.
On the Chicago Mercantile Exchange, speculative positions in favor of an appreciation of the peso decreased, after three consecutive weeks of increase.
Mexican Stock Market advances 1.07%
The benchmark S&P/BMV IPC stock index gained 1.07% to 53,027.42 points, in a market also with its sights set on the third quarter corporate reporting season.
Contrary to the general trend, there was a drop of 0.86% to 152 pesos in the securities of the insurance company Qualitas, followed by those of Kimberly-Clark of Mexico, which subtracted 0.62% to 30.49 pesos, after reporting their losses the day before. quarterly results.
Read: Trump’s return to the White House, a disturbing scenario for Mexico and Sheinbaum
During the week, the Mexican Stock Exchange accumulated a return of 1.2%.
In the debt market, Banxico announced that next week it will carry out an extraordinary auction of Bondes F for an amount of up to 25,000 million pesos.
With information from Reuters and Francisco Rivera
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