Business · Markets · 3 hrs ago
Peso opens November slightly higher against the US dollar
The Mexican peso opened at 18.7916 per US dollar, a 0.06% rise in electronic trading as November began.
The peso had closed Friday at 18.8037 per dollar, up 0.18% that day.
Despite these small gains, it fell 0.77% over the week.
The currency has declined for eight weeks in a row, losing 11.25% against the dollar over that period.
So far this year, the peso is down 4.35%.
The latest opening shows a slight recovery, but the figures give no indication of what will happen next.
The Mexican peso opened November at 18.7916 per US dollar in electronic trading on Sunday.
The currency was up 0.06% at the start of Asian-market trading, according to Investing data.
On Friday, the peso closed at 18.8037 per dollar, gaining 0.18%, according to Mexico’s central bank.
The peso lost 0.77% over the week and had fallen for eight consecutive weeks against the dollar.
It was down 11.25% over that eight-week run and 4.35% so far this year.
- Who
- The Mexican peso and the US dollar.
- What
- The peso opened November slightly higher against the dollar, rising 0.06%.
- When
- Sunday, as November began.
- Where
- In electronic trading at the start of the Asian-market session.
- Why
- Not stated
This story does not have two clearly opposing sides.
The peso closed at 18.8037 per dollar, gaining 0.18%, according to Mexico’s central bank.
The peso opened November at 18.7916 per dollar, up 0.06%, according to Investing data.
- Opening rate
- 18.7916 pesos per US dollar
- Opening change
- Peso appreciated 0.06%
- Friday closing rate
- 18.8037 pesos per US dollar
- Weekly change
- Peso depreciated 0.77%
- Eight-week change
- Peso lost 11.25%
- Year-to-date change
- Peso depreciated 4.35%