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Exchange rate traded with an upward trend on Friday in Mexico But the peso was well on its way to a third straight week of gains, amid a weaker dollar and declining US Treasury yields.
In the morning, the price of dollar It was trading at 19.9480 pesos on the Mexican market, a level 0.07% higher than 19.9340 units from the previous day, according to Reuters data.
The meta-analysis consultancy said in a report that “Due to the decline in US bond yields since the end of March this year, the dollar has depreciated against most currencies, mainly against the basket of the six major currencies, which has allowed it to rise to other assets.”.
The dollar will record a second week of losses and Treasury benchmark yields on Friday remained close to the nearly one-month lows it set in the previous session as investors increasingly believed in the Federal Fed’s insistence. (Fed) to maintain an accommodative political position for a long time.
If it stays at the levels at which it worked early on Friday, Reuters estimates that the Mexican peso will close the week with a gain of almost 1%, while in the year it records a loss of 0.4%.
On the other hand, the Mexican stock exchange (BVM) was operating profitably this Friday. The S & P / BMV CPI benchmark rose 0.46% to 48,735.67 points local time 11:26 am