exchange rate today
The domestic currency was trading at 17.02 pesos per dollar, with a gain of 0.60% compared to the Reuters reference price on Thursday, when it fell 0.45%. Thus, the peso accumulated an advance of 0.14% during the week.
“Traders remain very sensitive about the US inflation outlook and the future steps of the Federal Reserve,” CI Bank said in an analysis note.
At the local level, it was announced that industrial activity rose in June for the third consecutive quarter at a seasonally adjusted rate, contributing to the good spirits of the participants.
“In Mexico, the Monthly Indicator of Industrial Activity showed a monthly growth of 0.59% in June 2023, spinning three months of expansion in which it has grown at an average rate of 0.70%. At an annual rate, industrial activity registered growth of 3.59%, being the highest growth since September 2022”, indicated an analysis note from Banco Base.
In addition, it was emphasized that the inflation data for both the producer and the consumer give signs that the US economy continues to expand, unlike what is happening with China.
For the rest of the day, the peso is expected to oscillate in a range of 16.98 to 17.17 per dollar.
With information from Reuters