Peso falls marginally from its best level in six weeks

The Mexican peso depreciates against American dollar Wednesday morning. The local currency loses from its best level in six weeks, in a cautious market waiting to know tomorrow the key data of inflation december in USA.

The exchange rate spot It is located at the level of 19.0716 units against an official closing of 19.0613 units per dollar yesterday, with the data of the Bank of Mexico (Banxico). The move means the currency is down 1.03 cents, or a marginal 0.05 percent.

The crossing operates in a limited range between a maximum of 19.1122 units and a minimum of 19.0434 units. The Dollar Index (DXY), which measures the greenback with a basket of six reference currencies, fell a marginal 0.02% to a level of 103.22 points.

“We expect limited movements in the exchange rate, as investors operate cautiously while waiting for the inflation report [de diciembre] in the United States tomorrow,” said Janneth Quiroz, deputy director of analysis at Monex Grupo Financiero.

Those responsible for the monetary policy of the Federal Reserve They have said that inflation data to be released this week will help them decide whether to slow the pace of interest rate hikes at their next meeting on January 31.

jose.rivera@eleconomista.mx