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Mexico. The peso ended the session with an appreciation of 2.25% or 45.4 cents, trading at 19.72 pesos per dollar in bulk, ranking as the currency with the highest earnings on the foreign exchange market.
According to Banco Base, the type of change affected a minimum of 19.69 pesos for one dollar, due to a combination of factors and that at the beginning, during the night, the peso was recorded a moderate recovery.
This corrected the losses of Wednesday, when the national currency pair of other currencies emerging economies, especially the Brazilian real and the South African rand
The financial institution reported that the publication of adverse economic indicators in the United States helped to reduce speculation on future interest rate hikes in the United States. the Federal Reserve, which has also allowed the dollar to lose ground.
US economic growth in the first quarter it was revised down from an annualized rate of 2.2% to 2.0%, while initial applications for unemployment assistance increased last week.
As a result of the above, the dollar-weighted index closed retracement of 0.27%, its first decline since Monday.
For Banco Base, other risk factors persist for the price of the peso against the dollar, particularly the growing trade protectionism of the United States and the threat of new tariffs In this context, in the banks of the Mexico City, the free dollar was sold up to 20.13 pesos, 40 cents less than the previous closing, and it was bought in a price.
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