The currency led the losses against the dollar among a basket of the most traded currencies, in a market also with its eyes fixed on the release on Friday of a long-awaited employment report in the United States, which would offer new clues about whether the largest economy in the world is strong enough for the Federal Reserve (Fed) to continue raising interest rates.
“The negative market sentiment appears not to change until it is clear that there would be no further interest rate hikes, particularly by the Fed,” local firm CIBanco said in an analysis note.
For now, it was announced in the morning that the number of Americans filing new claims for unemployment benefits increased moderately last week.
During the day, the Mexican currency exceeded the technical level of 18.30 pesos per dollar, “so it can head towards 18.50 pesos per dollar,” Siller warned.
With information from Reuters.