The Mexican peso has started the last stage of October operating around 20 units per dollar, affected by uncertainty surrounding the presidential elections in the United States. Investors remain alert for economic reports that could provide indications about the direction of economic policies.
According to Bloomberg data, the Mexican peso depreciates by 0.11% against the dollar, bringing the exchange rate to 20 units, which represents an increase of 4 cents compared to the closing on Friday, October 25. Gabriela Siller, director of economic analysis at Banco Base, mentioned that the Mexican currency begins the week trading around 20 pesos per dollar, a resistance level that has not been consistently surpassed since August.
The expert warned about the possibility of an increase in the exchange rate in the days leading up to the presidential elections in the United States, where the next president will be defined between Donald Trump and Kamala Harris.
At bank windows, the dollar is being sold at 20.53 pesos and bought at 19.42 units for each green bill, according to Citibanamex. Other indicators show that the Dollar Index is falling by 0.04% to 104.21 points, while the Bloomberg Dollar Index decreased by 0.01% to 1,261.33 units.
Regarding the money market, the yield on the 10-year bond in the United States is 0.425%, while in Mexico it remains at 10.09%.
Among the currencies that gained the most ground against the dollar on Monday, October 28, are the Israeli shekel with an increase of 1.71%, the South Korean won with 0.46%, the Chilean peso with 0.42%, the Brazilian real with 0.33%, and the Danish krone with 0.27%.
