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November 8, 2024
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Mexican peso operates with losses at the end of a volatile week due to Trump

Mexican peso operates with losses at the end of a volatile week due to Trump

He mexican peso depreciates against US dollar this Friday morning. The local currency falls due to a global advance in the dollar, while investors continued to study the implications of the return of donald trump to the White House.

He exchange rate spot It is located at the level of 19.9577 units per dollar. Compared to a closing of 19.8670 units yesterday, with the official record of the Bank of Mexico (Banxico), the movement means a drop of 9.07 cents or 0.46 percent for the peso.

He dollar price It moves in a range between a maximum of 20.0397 units and a minimum level of 19.7740 units. He Dollar Index (DXY), from the Intercontinental Exchange, which measures the greenback with a basket of six currencies, gained 0.17% to 104.69 points.

The Mexican peso briefly rose above the 20 per dollar level again. The currency had recovered in the two previous days from the impact of the electoral victory of donald trumpwhich had taken it to 20.8038 per dollar, its worst level in more than two years.

“Today, the peso is part of the 74% of emerging currencies that are depreciating against the dollar, affected by Trump’s recent comments about massive deportation campaigns and maintaining caution about possible tariff measures that he may apply,” Monex said.

Some analysts said that, on the crazy side, the market was also beginning to turn its gaze to the next monetary policy announcement from Banco de México, on Thursday of next week, after the Federal Reserve Yesterday it cut its rate by 25 bp.

The local firm Banco Base highlighted that nervousness remains in the exchange market and expects the exchange rate to operate today in a range between 20.19 and 19.96 pesos per dollar, given the uncertainty over Trump’s return to the presidency of the United States.



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