The peso spun on Wednesday two sessions below 19 units per dollar, according to Banxico closing data.
The dollar was 18,9244 pesos, which meant an appreciation of 0.36% for the national currency compared to the previous day. With today’s fact, Pesó added three days with advances in front of the American currency.
The Monex Financial Group detailed in a report that the DXY dollar index retreated and closed with a depreciation of 0.15%.
Lee: The peso returns to the level of the 18 units per dollar
“The peso was driven by the weakness of the dollar and the optimism of speculators on a possible commercial agreement between Mexico and the USA, on steel and aluminum tariffs,” the firm explained.
“Towards the Overnight, we would expect the weight to oscillate in a range between $ 18.87 and $ 18.99, driven by the retreat of the dollar, but waiting to know the local commercial balance report and the Banxico monetary policy decision tomorrow tomorrow,” he added.
On June 11, the peso broke the floor of the 19 units per dollar for the first time since August 20, 2024.
Inspy, discover and share. Follow us and find what you are looking for on our Instagram!
