dollar to peso exchange rate
The exchange rate was quoted at 17.92 pesos per dollar, a depreciation of 0.92% compared to the closing price of the Bank of Mexico on Friday.
With today’s, the peso accumulates five consecutive sessions of losses against the dollar.
The depreciation of the peso occurs after the Bank of Mexico confirmed a pause in the cycle of interest rate increases.
At the same time, risk aversion increased after the restart of the debt ceiling negotiations in the United States, the expropriations of railway sections in Mexico and a possible return to rate increases by the Federal Reserve in the economy. US, said Banco Base.
The Monex Financial Group estimates a fluctuation range between 17.80 and 17.98 pesos per dollar, considering support levels at 17.75 and resistance at 17.80 pesos per dollar, for the rest of the day.
