The Mexican peso stands out slightly against the American dollar, after having fallen in the past two days. The market shows greater appetite for risk assets, while slowing the rise in the yields of the Treasury bond.
The exchange rate stands at 20.4351 units per greenback against an official closing of 20.4516 units yesterday with the data from Bank of Mexico (Banxico). That is a gain of 1.65 cents for the peso, which is equivalent to 0.08 percent.
The pair trades in an open range with a high of 20.5204 units and a low of 20.3843 units. Meanwhile, the Dollar Index (DXY), which compares the US currency to six currencies, is up 0.02% at 95.53.
Traders are closely monitoring price developments and the 10-year US Treasury bond yield, which has slowed its advance [tras tocar su máximo nivel desde que inició la pandemia]”, said the local CI Banco in a report.
According to analysts, the market is attentively awaiting the Citibanamex market survey, which will show expectations for inflation in Mexico, a fact that is key to the first monetary policy decision of the Bank of Mexico in 2022.