The dollar strengthened once more once morest the peso following Morena and its allies announced that they will make constitutional reforms due to their dominance in Congress. The markets reacted to the news, causing a depreciation of the peso once morest the US currency, which today, June 7, was quoted above 18 pesos.
The strong depreciation movement occurred immediately following Ignacio Mier Velasco, member of Morena and coordinator of the party’s deputies, announced that pending reform initiatives will be discussed in September.
He exchange rate closed the day at 17.8881 units per dollar. Compared to the closing of 17.5329 units yesterday, according to official data from the Bank of Mexico (Banxico), lost 35.52 cents, which is equivalent to a depreciation of 2.03 percent.
He price of the dollar moved following the news to a high of 18.0123 pesos from a low of 17.4459 pesos. Dollar Index (DXY), of the Intercontinental Exchange, which measures the greenback with six references, lost 0.14% to 104.12 points.
The 15-minute chart from Investing.com shows the volatility to which the Mexican currency has been exposed, which at midday yesterday was trading between $17.50 and $17.60 pesos per dollar.
The exchange rate in the Major banks in Mexico This Friday is the following:
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2024-07-12 01:17:46