He mexican peso depreciated for the fourth consecutive day against the dollar this Friday and concluded a negative week. Affected by a strengthening of the greenback, after receiving solid labor figures from the United States, the local currency fell and extended its negative streak.
He exchange rate It ended the session at the level of 20.7052 units per dollar. Compared to an official closing of 20,4982 units yesterday, with the official data of the Bank of Mexico (Banxico), meant a decline of 20.70 cents, which is equivalent to 1.01 percent.
He dollar price It moved in a range between a maximum of 20.7499 units and a minimum level of 20.4817. He Dollar Index (DXY), from the Intercontinental Exchange, which compares the US currency with six references, advanced 0.45% to a level of 109.66 units.
The United States Department of Labor reported in the morning that 256,000 non-farm payrolls were created in December, a figure higher than expected by analysts, compared to a figure of 212,000 in November. The unemployment rate fell to 4.1% from 4.2 percent.
After the data, the market was betting that the Federal Reserve (Fed) will wait at least until June to cut its interest rates and will end its cutting cycle. Before the report, the bet was on a cut in May and a 50% chance of a second cut at the end of this year.
On the other hand, the markets show greater volatility as the day approaches when Donald Trump will once again be president of the United States. “Operators are very attentive to everything the president-elect says,” said the firm CIBanco, in a note.
After four consecutive days with losses, the weight fell slightly in the week, after having closed at 20.6724 units last Friday. This meant a drop of 3.28 cents in the period, which is equivalent to a variation of 0.16 percent.
Only on Monday the peso had appreciated strongly, after Washington Post stated that donald trump could limit its tariff policy to critical imports, information that the president-elect himself soon denied, dispelling optimism.
