The weight went back this Friday morning and was on track to post its first weekly loss in a monthamid prospects of a more restrictive monetary policy in the United States, a greater inflation in Mexico and the uncertainty due to the conflict in Ukraine.
The Mexican currency was trading at 20.1410 units per dollar, with a depreciation of 0.10% against the Reuters reference price on Thursday, a slightly better performance than the rest of its peers in the region.
“Our currency has been supported by the expectation that high inflation will cause the benchmark interest rate to continue to rise at a rate of at least 50 basis points, which would improve the currency’s carry trade,” he said. Janet Quirozdeputy director of analysis of Monex Financial Group.
The consumer prices soared in March more than anticipated by the market, under pressure from the energy sector due to the impact of the conflict between Russia and Ukraine, the statistics institute reported the day before.
In the week, the weight accumulated a decline of more than 1.5 percent.
