Weight regains strength. Closes below 20 units per dollar – El Financiero

The Mexican peso is placed around 19.9 pesos per dollarr, a level not reached since June, after the fifth monetary policy announcement of the year before Bank of MexicoA 75 basis point increase in interest rates was announced.

According to data from the Central Bank (Banxico), the exchange rate It ended at 19.9612 pesos to the dollar, which represents it Second grade in a row for the local currency, equivalent to 0.36% or 7.19%.

Previous positions currency 2.17 percentTo the lowest level it touched in the year, which was on May 30, it was set at 19.5371 pesos to the dollar.

During today’s session, dollar It reached a new low against the peso, trading at 19.90 units. Specialists at Octa FX confirmed that the national currency is still close to this level, under pressure from the monetary policy decision of Chikou Bank, and due to the weakness of the dollar.

“Low inflation has lowered expectations of further tightening from the Federal Reserve, however, markets expect an increase of 50 basis points at the next meeting in September. At this point, The US dollar is still under pressure. They added that the US currency is incurring losses, as it is unable to recover its gains on a sustainable basis, even with higher US bond yields.

Regarding today’s close, the Mexican currency reflects a year-over-year growth of 2.72 percent, in addition, throughout Thursday’s session, the peso moved in the range of 20.0489 and 19.9021 pesos to the dollar.

The dollar index (dxy), which measures the strength of the US currency, against a basket of six currencies of developed countries, stands at 105.12 points, reflecting a decline of 0.07 percent.

In the case of the Bloomberg Dollar Index (bbdxy), the decline was 0.11 percent, at 1257.65 units.

The yield on the 10-year note in Mexico remains at the rate of 8.75%, while the 10-year note in the United States increases 0.092 basis points, to the level of 2.87%.

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