The exchange rate It was trading down on Friday at Mexico Due to the appreciation of the peso, along with the currencies of other emerging economies, while it was heading to record its fourth week of gains, in the face of a general decline in the dollar and lower US Treasury yields.
In the morning hours a rate Dollars It settled at 19.8490 pesos, showing a 0.4% decrease compared to 19.9140 on Thursday, according to Reuters data.
The dollar approached its lowest in several weeks as markets await the next moves from major central banks before the Fed meeting next week.
The next Fed meeting ends on April 28, and while no major policy changes are expected, investors are paying close attention to any comments about possible expansionary policy tightening in the future.
Traders told Reuters the exchange rate could fluctuate between 19.77 and 19.95 pesos during Friday.
On the other hand, the Mexican Stock Exchange (BMV) was trading with losses on opening. The S & P / BMV IPC benchmark fell -0.19% and settled at 49,000.53 points at 8:48 am.