The Mexican peso continues to strengthen against the dollar this Monday, February 17, recording its second consecutive week of gains. The slight appreciation of the Mexican currency, by 0.18 percent, is due to the absence of trading in the United States for the Presidents' Day holiday, according to Bloomberg data. This places the exchange rate at 20.28 units, showing a decrease of 2 cents compared to the close on Friday, February 14.
CIBanco specialists note that markets are attentive to movements in global policy, focusing on a possible ceasefire in Ukraine. In this regard, Ukrainian President Volodymyr Zelensky has stated that he will not accept the results of negotiations between Russia and the United States to end the war, as his country did not participate in the talks.
The exchange rate could fluctuate between 20.30 and 20.48 units for the rest of the day. In bank branches, the dollar is sold at 20.80 units and bought at 19.67 pesos per greenback, according to Citibanamex. Meanwhile, the dollar index (DXY) has increased by 0.07 percent, reaching 106.78 points, while the Bloomberg dollar index (BBDXY) has decreased by 0.04 percent, standing at 1287.61 units.
In the financial market, the yield on the 10-year Mbono in Mexico is at 9.85 percent, contrasting with the 4.48 percent reached by the 10-year bond in the United States. Among the most valued currencies this Monday are the Japanese yen with an increase of 0.54 percent, the Indonesian rupiah with a rise of 0.28 percent, the Taiwan dollar with an increase of 0.21 percent, and the Australian dollar with a gain of 0.19 percent.
