The exchange rate Trading with an upward trend on Friday Mexico However, the peso was on its way to achieve its third consecutive week of gains, amid a weak dollar and declining US Treasury yields.
In the morning hours a rate Dollars It was quoted at 19.9480 pesos in the Mexican market, a level 0.07% higher compared to 19.9340 units the previous day, according to Reuters data.
A meta-analysis consulting firm said in a report that “As a result of the decline in bond yields in the United States since the end of March this year, the dollar fell against most currencies, mainly against a basket of six major currencies, and this provided an opportunity to rise to other assets.”.
The dollar is set to suffer a second week of losses and record Treasury yields on Friday remained near their nearly one-month lows recorded in the previous session, as investors increasingly believe the Fed’s insistence on maintaining an appropriate political stance at a time Long.
If it remains at levels it was operating at early Friday, Reuters estimates that the Mexican peso will close the week with gains close to 1%, while for the year it posts a loss of 0.4%.
On the other hand, the Mexican Stock Exchange (BVM) was operating with earnings on Friday. The benchmark S & P / BMV IPC Index rose 0.46% to 48,735.67 points at 11:26 am local time.
It may interest you
“Social media evangelist. Student. Reader. Troublemaker. Typical introvert.”
More Stories
The US government launches new dollar bills in October and raises economic concerns
Lithuanian Army equips more US-supplied JLTVs with Saab RBS 70 NG anti-aircraft missiles
More than 100 people lost their jobs