The Mexican peso it was appreciated against the American dollar this Thursday. The local currency showed little change amid a strengthening dollar in the market and after having posted its best daily advance since June.
After confirming yesterday the beginning of the cut in the monthly purchases of assets of the Federal Reserve (Fed), without a change in interest rates, the dollar rebounded on this day, while the peso remained oscillating.
The exchange rate closed little changed, at 20.5499 units, with a gain of 3.41 cents or 0.17%, compared to its official record yesterday of 20.5840 units per dollar, with data from the Bank of Mexico (Banxico).
The cross moved in a range between a high of 20.6563 units and a low of 20.4980 units. The Dollar Index (DXY), which measures the behavior of the greenback against six currencies, rose 0.49% to 94.32 points.
Wait for non-farm payroll
During the session yesterday, the peso reached its worst level since the beginning of March and at the same time, the greenback showed a setback amid various bets for the announcement of the central bank of the United States.
Later, after the decision was known, the peso managed to recover 23.55 cents or 1.13%, registering its best day since June. Now the market expects to know more important data for the Fed’s decisions.
“Tomorrow the non-farm payroll is published [de Estados Unidos] a fundamental figure in the decision-making of the Federal Reserve and that will have effects on all markets, “said financial group Intercam in a report.
Reference-www.eleconomista.com.mx