Price of the dollar today June 6, 2024: Mexican peso loses ground to the US dollar

He exchange rate today Friday, June 7, 2024 In Mexico, it rose compared to last Thursday’s close. This volatility represents a increase of the 0.78%. Markets are vigilant price of the dollar today(since the value of the national currency has reported losses due to the arrival of a new mandate in the Aztec territory).

He spot exchange rate It is positioned at the level of 17,666 units per dollar, while its value closed at 17.5335 Mexican pesos last Thursday afternoon, according to the Bank of Mexico (Banxico). This movement is equivalent to a loss of 0.78 percent for the Mexican peso.

The price of the dollar operates in an open range between a maximum of 17.99 pesos and a minimum level of 17,666 units.

We must remember that after the presidential elections in Mexico, where Claudia Sheinbaum Pardo emerged victorious, making history as the first virtual president of the Mexican Republic, the Mexican peso began to report losses.

The depreciation of the peso against the dollar after the elections is due to the uncertainty of the markets about the appearance of the new management, with a probable majority in Chambers of Senators and Representativesalthough the government has already issued messages to keep the population calm.

However, Rogelio Ramírez de la O, Secretary of the Treasury, explained that

In fact, the Secretary of the Treasury, Rogelio Ramírez de la Oexplained that the economic policy of the next six-year term will focus hard on macroeconomic stability and fiscal discipline.

However, during the afternoon of yesterday, Thursday, the Mexican peso reported large lossesbefore a notable fluctuation of its value, which at the cutoff at 2:20 p.m., depreciated until reaching 17.99 pesos per dollar.

So, the reaction that the currency market has had is an indication of the sensitivity of financial markets to internal political changes, especially in a nation where financial stability has been fluctuating.

I have a degree in Communication Sciences from the Autonomous University of Sinaloa (UAS), with a specialization in Organizational Communication. From an early age I have felt a deep passion for journalism and radio, which led me to do my professional internship at the Culiacán City Council, where I had the privilege of writing and recording notes for a radio newscast. Currently, I am part of the team of journalists at the debate.com.mx news portal, where I work as a specialized editor in the migration and travel section. My work focuses especially on reporting on procedures related to obtaining American visas, residence in the United States and the Mexican passport. In addition, I share information about tourist destinations in Mexico and the world, as well as travel tips that cover airlines such as Aeroméxico, Volaris, Mexicana de Aviación and Viva Aerobús. I also have an extensive history writing about entertainment news and controversies in Mexico, America and the United Kingdom, as I emphasized the British royal family, particularly Kate Middleton, Princess of Wales and wife of Prince William, the next king of England. Likewise, I have dedicated myself to writing police topics, since I have an affinity for addressing sensitive topics with a human approach. Today I complement my professional training as a Law Degree student at the Autonomous University of Sinaloa.

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