The Mexican peso recorded slight gains against the dollar on Friday, May 2, closing at 19.58 units, which represented an appreciation of 0.08 percent or 1.51 cents. This increase was attributed to positive labor market data from the United States that exceeded expectations. Throughout the week, however, the peso accumulated a loss of 0.39 percent against the dollar.
Janneth Quiroz, head of economic and exchange analysis at Monex, noted: "Today, the peso was favored by the non-farm payroll data in the United States, which mitigated the risk that a lower economic dynamism could permeate to our country." In April, job growth in the U.S. was solid, with an increase of 177,000 jobs, keeping the unemployment rate at 4.2 percent despite uncertainty over Donald Trump's tariff policies.
On the other hand, in Mexican banks, the dollar was quoted at 20.11 units for sale, with a purchase price of 19.02 pesos. In international markets, the dollar index stood at 100.01 points and the Bloomberg dollar index reached 1,224.56 units. Regarding bonds, the 10-year yield in the U.S. was 4.29 percent, while in Mexico it remained at 9.67 percent.
In the realm of emerging currencies, some currencies showed an advance this Friday, such as the Taiwanese dollar, the South Korean won, the Malaysian ringgit, the Thai baht, and the Indonesian rupiah. In contrast, currencies like the Russian ruble, the Turkish lira, and the Colombian peso fell against the dollar.
