Weight, at its best level since August 16 • Markets • Forbes Mexico

0
5


The exchange rate was this Thursday at 18,6629 pesos per dollar, the best level for the Mexican currency since last August 16, according to Banxico closing data.

With today’s data, the weight showed an appreciation of 0.56% with respect to the previous closure, after yesterday it depreciated and broke with a streak of seven sessions with profits.

The Base Financial Group explained that the appreciation of the weight was concentrated during the morning, after the publication of the US Employment Report, which showed the creation of 147,000 job positions in June, exceeding market expectations.

In addition, the unemployment rate in the US dropped to 4.1%, its lower level since February.

“The Mexican peso was the second most appreciated currency today, due to the close economic relationship between Mexico and the United States. The employment data published today reduces the speculation of economic recession in the United States, which also moderates risk aversion over Mexico,” he explained in a report after market closure.

Inspy, discover and share. Follow us and find what you are looking for on our Instagram!




LEAVE A REPLY

Please enter your comment!
Please enter your name here