The Mexican peso advances marginally against the dollar this Wednesday, March 25, despite Iran rejecting the ceasefire proposal made by Donald Trump. The war in the Middle East has destabilized markets, which one day recover on news of a possible end to the armed conflict between the United States and Iran, only to fall the next day due to uncertainty over attacks on energy facilities. Iran presented its own ceasefire proposal to the US, which includes the recognition of sovereignty over the Strait of Hormuz, a channel through which 20% of the world's oil trade passes. How much does the peso earn against the dollar TODAY, March 25? The peso appreciates 0.24% against the dollar, so the exchange rate stands at 17.75 units, 4 cents less than the close on Tuesday, March 24. "It is expected that the Mexican peso will remain in a range of 17.65 to 17.85 units. The ceiling of the currency will be limited by weak January growth data, while support will come from the de-escalation of geopolitical tensions in the Middle East," explained Felipe Mendoza, market analyst at EBC Financial Group. The specialist added that if a ceasefire between Donald Trump and Iran is finalized, the exchange rate could fall to 17.60 units. Dollar price in bank windows this Wednesday In bank windows, the dollar is sold at 18.20 pesos, while the purchase price is 17.20 units for each green bill. In the money market, the yield on the 10-year US bond is 4.33%, while the 10-year bond in Mexico remains at a level of 9.45%. Among the most depreciated currencies are the Australian dollar with 0.50%; the Norwegian crown with 0.50%; the Argentine peso with 0.30%; the New Zealand dollar with 0.29%, and the Japanese yen with 0.19%.
