The Mexican peso is set to close the week with a flourish by extending its gains against the dollar and getting closer to the 16-unit mark. The conflict between the U.S. and Iran has been 'felt' in inflation in the United States, as the price of gasoline had its largest increase in 60 years this March. In Tehran, Speaker of the Iranian Parliament Mohamad Baqer Qalibaf affirmed on Friday, April 10, that the United States has yet to comply with two of the conditions it accepted to begin peace negotiations in Pakistan, namely the ceasefire in Lebanon and the release of frozen Iranian assets. 'These two issues must be resolved before negotiations can begin,' he emphasized on X (formerly Twitter). This is the exchange rate this Friday The Mexican peso is appreciating by 0.56% against the dollar, so the exchange rate stands at 17.26 units, 10 cents less than the close on Thursday, April 9. 'The Mexican peso ranks 5th among the currencies of emerging countries with the largest gains against the dollar. The exchange rate shows a strong correlation with its peer emerging economies, as traders increase their position in these assets, considering the dollar's retreat,' explained Janneth Quiroz, director of economic and exchange rate analysis at Monex. Banamex bank reported that the dollar is being sold at 17.71 pesos, while the purchase price is 16.73 units for each green bill. In the money market, the yield on the 10-year U.S. bond is 4.03%, while the 10-year bond in Mexico remains at a level of 9.30%. In addition to the Mexican peso, other currencies that are appreciating against the dollar are the Chilean peso with 0.82%; the Brazilian real with 0.74%; the Russian ruble with 0.68%; the Israeli shekel with 0.65%; and the Swedish krona with 0.63%.
