The Mexican peso trades at a loss against American dollar. The local currency depreciates due to a strengthening of the greenback after a better-than-expected data was released for retail sales in the United States.
After a day without official registration due to a holiday in the Mexican market, the exchange rate it stands at 20.7470 units, which means a loss of 6.76 cents or 0.33% against 20.6794 units with the Reuters reference.
The cross operates in a range between a high of 20.7475 units and a low of 20.5569 units. The Dollar Index (DXY), which measures the dollar with six references, advanced 0.35% to 95.73 points after touching a maximum since July.
“The peso is trading at a loss, like most emerging currencies, due to the strengthening of the dollar that maintains its upward trend,” said Janneth Quiroz, deputy director of analysis at Monex Grupo Financiero.
The US Department of Commerce announced that retail sales in October increased 1.7% compared to the previous month’s figure. Last week its highest inflation figure in 30 years was released.
Reference-www.eleconomista.com.mx