The Mexican peso lost marginally this Friday against the American dollar. The currency was almost unchanged in an erratic market and closed a positive week, pending imminent rate hikes in the United States.
The exchange rate ended operations at 20.3155 units against 20.3133 units yesterday, with data from the Bank of Mexico (Banxico). That meant a marginal loss of 0.01% for the Mexican peso, which was less than a cent.
For the week, from a close of 20.3709 units last Friday, the currency’s gain was 5.54 cents, or 0.27 percent. The pair traded these days between a high of 20.5230 units and a low of 20.2818 units.
The Dollar Index (DXY), which compares the greenback with a basket made up of six reference currencies, accumulated a loss of 0.60% in the period and on the day advanced 0.38% to 95.15 points, after three days with setbacks.
US inflation figures released this week and comments from Federal Reserve officials maintain expectations that the central bank will kick off the interest rate hike cycle in March.
Reference-www.eleconomista.com.mx