Ciudad Juárez— The peso continues to appreciate and is now trading at around 19.13 pesos per dollar, according to data from the international Forex market.
The US currency, which reached 20.24 pesos on Sunday night, today touched a maximum of 19.37 pesos and a minimum of 19.10 pesos.
Gabriela Siller, director of economic analysis at Grupo Financiero Base, said that the peso has appreciated by 0.80 percent this morning.
“The peso started the session trading at around 19.13 pesos per dollar, showing an appreciation of 0.80% or 15.4 cents,” he explained in a post on the social network X.
He attributed the “normality” in the market to the fact that the deputy governor of the Bank of Japan sent the signal that they will continue with the low interest rate, thus taking pressure off the exchange rate.
However, he mentioned that there are other external and internal risk factors that could lead to volatility again, such as the approval of constitutional reforms in Mexico.
Other issues to consider are the presentation of the 2025 economic package in Mexico, as well as the increased probability of recession in the United States and the electoral process.
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