The exchange rate went up on monday in Mexico in the face of the depreciation of the peso, after registering its best week since May last year, in the face of a global strengthening of the dollar, while investors focus their attention on the release of figures from the US labor market.
In the morning hours, the dollar exchange rate it reached 19.8498 pesos in the Mexican market, a level 0.21% higher than the reference price on Friday, according to Reuters data. The Mexican peso reported a 4.1% rise last week.
Gabriela Siller, director of economic analysis at Banco Base, said that “the movement this morning is corrective and occurs for most currencies in the face of a strengthening of the dollar.”
Reuters reported that economic indicators investors will be watching this week include non-farm payroll data and the unemployment rate in the United States. Friday will be a key point for the market.
For the rest of the day, CI Banco analysts estimate that the exchange rate in Mexico will range from 19.78 to 19.95 pesos per dollar. On the other hand, the Mexican Stock Exchange (BMV) reported negative results on Monday. The S & P / BMV IPC index lost -0.66% and stood at 50,218.19 points.
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