The exchange rate closed on Wednesday, April 23, at 19.65 units, maintaining the closing level of the previous day. Previously, the Mexican peso had shown a gain of 7 cents against the dollar, with forecasts that it could reach 19.44 units. Gabriela Siller, director of economic analysis at Banco Base, pointed out that, from a technical perspective, the short-term trend for the peso is downward, highlighting that it had consistently surpassed the 200-day moving average of 19.96 pesos per dollar.
Regarding dollar sales in banks on April 23, the sales price at Banamex bank was set at 20.14 units and a purchase price of 19.05 pesos per greenback. The dollar index (dxy) rose by 1 percent to 99.91 points, while the Bloomberg dollar index (bbdxy) increased by 0.57 percent, reaching 1,228.60 units. Meanwhile, the 10-year U.S. bond yield was at 4.32 percent, and the 10-year bond in Mexico remained at 9.84 percent.
In the currency market, many emerging currencies lost ground against the dollar, with the Argentine peso falling by 5.15 percent. In contrast, the Mexican peso was strengthening against the dollar due to higher risk appetite, generated by expectations of a reduction in tariffs towards China as revealed by Donald Trump. Other currencies that depreciated included the Russian ruble by 2.16 percent, the Polish zloty by 0.91 percent, the Bulgarian lev by 0.85 percent, the Romanian leu by 0.82 percent, and the Hungarian forint by 0.80 percent.
