The Mexican peso has registered slight gains against the dollar today, reaching 19.89 units, which represents an appreciation of 0.18 percent. This trend is attributed to the weakening of the dollar index, influenced by key economic factors. Montserrat Aldave, chief economist at Finamex, commented on this: "The appreciation of the exchange rate responds to the weakening of the dollar index, affected by key economic factors."
Aldave also pointed out that, despite the uncertainty in the markets due to tariffs imposed by Donald Trump on the U.S. economy, the dollar has recently lost ground. The publication of preliminary consumer confidence data showed that in March it recorded its lowest level since November 2022. Consumers in the United States expect an increase in prices at an annual rate of 3.9 percent over the next five to ten years, representing the largest increase in more than three decades.
At bank counters, the dollar is quoted at 20.45 units for sale and 19.42 for purchase according to Banamex. The dollar index (dxy) has decreased by 0.36 percent, standing at 103.34 units, while the Bloomberg dollar index (bbdxy) has fallen by 0.32 percent, reaching 1261.71 points.
In the money market, the yield on the 10-year M Bond in Mexico is at a rate of 9.47 percent, while in the United States, the yield on the 10-year bond has reached 4.28 percent. Other Latin American currencies that have shown advances against the dollar this Monday are the Chilean peso with 0.83 percent, the Colombian peso with 0.67 percent, and the Brazilian real with 0.52 percent.
