He mexican peso was depreciated against dollar in this Friday’s operations. The local currency fell in a technical rebound after having been boosted by the weakening of the greenback and bets on adjustments to the interest rate of the Federal Reserve (Fed).
He exchange rate It ended the day at the level of 18.4411 units per dollar. Against a record of 18.3952 units yesterday with data from Bank of Mexico (Banxico), the movement meant a drop of 4.59 cents for the peso, equivalent to 0.25 percent.
He dollar price It moved in a range between a maximum of 18.4641 units and a minimum level of 18.3434. He Dollar Index (DXY), from the Intercontinental Exchange, which compares the US currency with a basket of six pairs, fell -0.03% to 98.91 points.
The US Consumer Price Index (CPI) rose 0.3% in September, reported the Bureau of Labor Statistics of the Department of Labor; In the 12 months through September, the index advanced 3.0%, both figures lower than expected.
These data have been the first major official reference published in the United States since that country entered a government shutdown, which lasted 23 days. During the period, the publication of labor indicators that are fundamental for monetary policy has been suspended.
According to CME’s FedWatch tool, which follows operations with futures of the federal funding rate, operators discount with 96.7% probability an adjustment of 25 basis points in the rate, at the next meeting of the central bank, on October 28 and 29.
After appreciating earlier, the exchange rate rebounded to close with a loss for the peso. With a record of 18.3899 units on Friday of last week, the peso registered an accumulated fall of 5.12 cents, equivalent to 0.28 percent.
“The behavior of the exchange rate shows that it has entered a consolidation phase in a channel 18.30 and 18.60. The oscillation indicators show that the downward pressure on the price has been reduced,” highlighted the local firm Banco Base, in a report.
