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exchange rate traded Monday in Mexico by appreciating the peso encouraged by a report on employment in the United States and a multi-million dollar infrastructure plan by President Joe Biden, which boosted the global appetite for risky assets.
After a long Easter weekend, the price dollar It was trading at 20.2530 pesos on the Mexican market, a level 0.21% lower than Friday’s price. Earlier, the price of the dollar fell to 20,2320 Mexican pesos, a price that has not been seen since February 18, according to Reuters.
Biden’s $ 2 billion infrastructure plan contains investments that will boost employment in the short and long term, including funding child care to get more Americans back to work, his top adviser said on Sunday.
“The assessment is attributed to a higher appetite for risk”said Gabriela Siller, head of analysis at the local Banco Banco. The U.S. Department of Labor reported Friday that non-farm payrolls rose 916,000 jobs last month, the highest increase since last August.
For the rest of the day, the exchange rate in Mexico is expected to range from 20.15 to 20.40 pesos per dollar, analysts at financial group Monex said.
With information from Reuters