Today the Mexican peso strengthened against the dollar due to a greater global appetite for risk assets.
The exchange rate of the dollar fell on Monday in Mexico before the rise of the peso in line with other emerging currencies due to an increase in appetite for risky assets globally, which also was reflected in the capital markets.
The exchange rate fell 0.36% in Mexico on Monday. In this way, the dollar was trading at 19.4237 Mexican pesos, a lower level compared to 19.4933 units of the Reuters reference price on Friday.
“The Mexican peso starts the week a little less pressured […] amid a generalized fall of the dollar against the main currencies in the world and a rebound in the international oil price,” CI Banco said in a report for its clients.
Last week, the Mexican peso fell to 19.6214 units, its worst level since early January.
Source: el comercio
The Mazatlan Post