The Mexican peso is located in international markets below 17.30 units per dollar wholesale, to be sold around 17.28, establishing a new minimum in the year, which means an appreciation of 0.47% or seven cents compared to the previous day, according to information from Bloomberg.
The appreciation of the weight It is a consequence of the weakness of the dollar given the expectation that the Federal Reserve will pause the cycle of interest rate increases on June 14, said Gabriela Siller, director of economic analysis at the Base financial group.
Likewise, the market speculates that the day before, on June 13, the United States inflation data for May will show a downward trend, decreasing from 4.9% to 4.1% annually, which would be its lowest level since March 2021. added the specialist.
YOU MAY BE INTERESTED: The peso dawns strong this Friday, it opens at 17.32 wholesale
Mexican peso, fifth among the currencies of emerging countries with the most gains
The retail dollar opened this Friday for sale at 17.71 pesos at bank windows, 0.67% or 12 cents below Thursday’s closeaccording to data published by CitiBanamex.
At the opening of the American session, The Mexican peso is under strong downward pressure and is positioned in fifth place among the currencies of emerging countries that present the highest gains against the dollarsaid Janette Quiroz, deputy director of economic analysis at Monex.
The Mexican currency was favored by the industrial production report for aprilwhich showed that the secondary sector expanded 0.4% in April and, cumulatively, during the first four months of the year, it grew 2.0%, highlighted the specialist.
JM
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