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The exchange rate traded with a bullish trend on Friday in Mexico But the peso was on track to make its third consecutive week of gains amid a weaker dollar and a drop in US Treasury yields.
In the morning hours the price is from dollar It traded at 19.9480 pesos in the Mexican market, a level up 0.07% from 19.9340 units the previous day, according to Reuters data.
So said the meta-analysis consultancy in a report “As a result of the decline in bond yields in the United States since the end of March this year, the dollar has depreciated against most currencies, mainly against the basket of the six major currencies, and that has the potential given to rise. to other assets’
The dollar would suffer a second week of losses, and benchmark Treasury yields remained near the nearly a month low it marked in the previous session on Friday as investors increasingly believed in the Fed’s push for a To take an accommodative political position for a long time.
If it stays at the level it operated at the beginning of Friday, Reuters estimates that the Mexican peso would close out the week with a gain of nearly 1%, while registering a loss of 0.4% in the year.
On the other hand, the Mexican Stock Exchange (BVM) was operating at a profit this Friday. The benchmark S & P / BMV IPC index rose 0.46% to 48,735.67 points at 11:26 a.m. local time.