The Mexican peso has returned to a loss against the dollar, in a context of nervousness after the victory of elected president Donald Trump was confirmed, who gained control of the House of Representatives in the US elections. Locally, operators' attention is focused on the upcoming monetary policy decision of the Bank of Mexico (Banxico).
The Mexican currency depreciates by 0.29% against the dollar, placing the exchange rate at 20.57 units, which represents an increase of 6 cents from the close on Wednesday, November 13. CI Banco analysts forecast an exchange rate fluctuation between 20.50 and 20.75 units, warning that the results in the US Congress strengthen Trump's power to implement policies that could negatively impact the Mexican peso.
In bank windows, the dollar is sold at 21.04 pesos and bought at 19.91 units for each green bill, according to information from Citibanamex. The dollar index (dxy) falls by 0.44% to 106.48 points, while the Bloomberg dollar index (bbdxy) rises by 0.03% to 1,285.05 units.
In the financial market, the yield on the 10-year US bond stands at 0.42%, while in Mexico, it remains at 10.41%. Among the most affected currencies during the session on November 14 are the Russian ruble with a decline of 1.49%, the Malaysian ringgit with 0.85%, the South African rand with 0.71%, the Indonesian rupiah with 0.50%, and the Swiss franc with 0.43%.
