The Mexican peso starts the day in negative territory as geopolitical tensions continue to intensify, while investors simultaneously grapple with accelerating inflation and slower local economic growth. According to Bloomberg data, the exchange rate stands at 17.82 pesos per dollar, representing a depreciation of 0.27% or 4.74 centavos compared to its previous close. 'Today, the USD/MXN exchange rate shows a bullish bias, affected by local economic data and as the American currency regains stability amidst persistent geopolitical tensions,' stated Janneth Quiroz, Director of Economic and Exchange Analysis at Monex. How is the dollar trading TODAY? In bank branches, the dollar is already being sold at a price of 18.26 pesos each, according to data reported by Banamex. Meanwhile, the US dollar index (DXY), which measures the strength of the US dollar against a basket of six major currencies, has risen by 0.34% to 99.29 points. Similarly, the Bloomberg dollar index (BBGXY) has added 0.23% to reach 1,208.58 points. In the money market, the yield on the 10-year US bond is at 4.38%, while the 10-year bond in Mexico remains at a level of 9.45%. Among the most appreciated currencies are the Russian ruble with 1.58%, the Norwegian krone with 0.44%, the Taiwanese dollar with 0.23%, the Colombian peso with 0.19%, the Indian rupee with 0.11%, and the Hong Kong dollar with 0.09%.
