The Mexican peso had a temporary return to 19 units against the dollar on October 29, just a week before the presidential elections in the United States. This situation may affect the exchange rate, as the Mexican peso appreciated by 0.32% against the dollar, closing at 19.98 units, which represents a decrease of 5 cents compared to the previous day's close.
Janneth Quiroz, head of economic analysis at Banco Base, commented that the exchange rate has remained in a narrow range due to a lack of data on the local agenda. However, the publication of employment data in the United States is expected to allow for a comparison of monetary policy cycle expectations between the Bank of Mexico and the Federal Reserve.
In the banking sphere, it is reported that the dollar is being sold at 20.47 pesos and bought at 19.36 units. Regarding other dollar indicators, the Dollar Index has risen by 0.10% to 104.42 points, and the Bloomberg Dollar Index increased by 0.10% reaching 1263.09 units.
As for the yields on 10-year bonds, in Mexico they stand at a rate of 10.51%, while in the United States they reach 4.30%. Among the most strengthened currencies are the Hungarian forint with 0.55%, the Colombian peso with 0.54%, the Swiss franc with 0.46%, the Swedish krona with 0.42%, and the Australian dollar with 0.38%.
