The Mexican peso ended its streak of five consecutive days of gains against the US dollar, registering a depreciation of 0.29%, equivalent to 5.61 cents. The exchange rate stood at 19.57 pesos per dollar, according to figures from the Bank of Mexico (Banxico). Traders are awaiting more economic information and assessing the state of trade negotiations, which influenced the stability of the exchange rate.
For his part, Felipe Mendoza, Financial Markets Analyst at ATFX LATAM, pointed out that "the calm in the exchange rate reflected a day of moderate risk appetite and the absence of immediate high-impact catalysts, while in the international context, uncertainty regarding the state of trade relations between the United States and China persists."
The dollar is quoted at 20.05 pesos for the greenback at bank tellers, according to data from Citibanamex. The dollar index (DXY), which evaluates the strength of the dollar against a basket of six currencies from developed economies, experienced a decline of 0.55%, standing at 98.93 points. In the money market, the yield on the 10-year bond in Mexico was at 9.27%, while in the US it reaches 4.25%.
Among the emerging currencies that stood out against the dollar are the South African rand with an advance of 1.19%, the Hungarian forint 0.86%, the Polish zloty 0.72%, the Brazilian real 0.63%, the Czech koruna 0.60%, the Romanian leu 0.50%, the Indian rupee 0.49%, and the Bulgarian lev 0.46%, among others.
