The Mexican peso arrives in the middle of the week without significant changes, although it still reflects the losses accumulated in recent months, especially due to the arrival of Donald Trump to the presidency of the United States and the “black Monday” of August 2024, which impacted negatively to all coins.
On the most recent day, the US dollar was quoted at 20.54 pesos at the close, which represented a 0.13% decrease compared to the previous 20.57 pesos.
A factor that contributed to the relative stability of the peso was the weakness of the US dollar. This behavior is attributed to the expectations of a possible pause in 25% tariffs imposed by the United States on steel and aluminum exports, according to a Monex analysis cited by Bloomberg. This scenario caused a drop in the value of the dollar, which was favorable for Mexican weight.
The weight behavior coincided with a slight fall of 0.01% in the dollar index (DXY), an indicator that measures the performance of the dollar against a basket of international currencies. This index is essential to evaluate the strength of the American currency in global markets.
Lee: BBVA: These are the commissions for bank transfers
Investors are attentive to the next United States inflation report, as it could influence the monetary policy decisions of the Federal Reserve (FED). This report has great relevance, as it could support the idea that the Fed slows down the rhythm of the cuts in interest rates.
The relationship between interest rates and investment strategies is key to currency markets. A commonly used strategy, known as “Carry Trade”, implies ordering loans in currencies with low interest rates and reinvesting in currencies that offer greater yields.
In this sense, any adjustment in interest rates in the United States could significantly modify investment dynamics and the behavior of emerging currencies such as Mexican weight.
Where to buy or sell the dollar?
It is recommended to attend places that are regulated by the authorities to avoid fraud. In addition, you must take into account that the exchange rate varies according to each bank or exchange house, as well as see the commission they charge.
- Banks: If you are a customer you can buy up to four thousand dollars.
- Exchange houses: The purchase limit is 1,500 dollars.
- Online platforms.
- ETFS (Exchange-Traced Funds or funds quoted in the bag).
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(Tagstotranslate) Dollar