The Mexican peso it depreciated this Friday, breaking the upward trend of the two previous days, while investors digested the inflation data for the US producer for November.
The US final demand producer price index rose 0.3% in November, the Labor Department said, above the 0.2% forecast in a Reuters poll of analysts.
The Aztec currency was trading at 19.7542 pesos per greenback, depreciating 0.71% against Thursday’s Reuters reference price, the sharpest move since Monday.
“The stability of the exchange rate in the last three sessions was due to the caution of market participants in anticipation of the publication of relevant economic indicators in the United States,” said Gabriela Siller, director of analysis at Banco Base.
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