The peso was trading lower this Friday morning in line with the currencies of emerging economies, after an employment report from the United States that revealed better-than-expected data that made the dollar advance.
Employers in the United States hired more workers than expected in November and wages went upa fact that could complicate the intention of the Federal Reserve to start slowing its pace of interest rate hikes this month.
The Mexican peso was trading at 19.2430 units per dollar, with a loss of 0.63% against the Reuters reference price on Thursday, when it was again at its highest level since February 2020.
a note from Monex sent to clients highlighted that the peso “confirmed the breaking of the key support of 19.25 units per dollar, with which now the psychological one of 19.00 pesos per greenback becomes the new important technical floor to overcome.”
The Aztec currency is preparing to close the week with a slight setback.
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