The Mexican peso operates with ups and downs in front of American dollar this Wednesday. The local currency shows little change against its close yesterday, as traders assimilate recent economic data published in the United States.
The exchange rate stands at 20.7235 units against a record of 20.7084 units yesterday, with the official data of the Bank of Mexico (Banxico). This means a loss of 1.51 cents for weight, which is equivalent to 0.07 percent.
In its worst moment of the day, the cross rose to a maximum of 20.8027 units per dollar and in its session low it reached 20.6565 units. The cross remains stable while the strengthening of the dollar stops.
The Dollar Index (DXY), which measures that currency against a basket of six reference currencies, moves -0.02% to 95.91 units. The dollar had recently held higher amid high inflation concerns.
The United States reported yesterday that retail sales and industrial activity grew in October above expectations, something that may encourage the Federal Reserve to accelerate the reduction of its asset purchase program.
Reference-www.eleconomista.com.mx