The Mexican peso loses 0.71% against the dollar, causing the exchange rate to stand at 18.06 units, 11 cents higher than the close on Thursday, March 26. "The strengthening of the dollar is due to the persistent risk of inflationary pressures globally due to the war in the Middle East," said Gabriela Siller, director of economic analysis at Banco Base. The specialist pointed out that Trump's announcement extending the deadline for Iran to reopen the Strait of Hormuz "while it confirms that there are negotiations, also sends the signal that the conflict will extend at least until the first week of April." Bank of America reported that the dollar is being sold at 18.51 pesos, while the purchase price is 17.50 units for each green bill. In the money market, the yield on the 10-year US bond is 4.44%, while the 10-year bond in Mexico remains at a level of 9.45%. The currency that is depreciating the most against the dollar is the Indian rupee, which is losing 0.89%.
