Business · Markets · 9 hrs ago
Mexican peso gains 0.56% against the dollar as US markets close
The Mexican peso strengthened against the US dollar at the start of trading on Oct.
12.
It traded at 18.2730 pesos per dollar, up 0.56 percent, after closing at its highest level of the year the previous week.
The dollar was priced at 18.77 pesos at Banamex bank branches.
A Mexican economic analyst attributed the peso’s moderate recovery to a quiet start to the week in currency markets.
US financial markets were closed for Día de la Raza, reducing trading activity.
The US dollar index rose slightly, while yields on US Treasury bonds eased.
Mexico’s 10-year government bond yield was unchanged at 9.298 percent.
The Mexican peso appreciated 0.56 percent against the dollar at the opening of trading on Monday, October 12.
The exchange rate stood at 18.2730 pesos per dollar, a gain of 13.81 centavos for the peso.
Gabriela Siller of Banco Base attributed the moderate recovery to a quieter start to the week for the dollar as US financial markets were closed for Día de la Raza.
At Banamex bank counters, the dollar was selling for 18.77 pesos, 12 centavos less than the previous week.
- Who
- The Mexican peso and the US dollar.
- What
- The peso appreciated 0.56 percent against the dollar, trading at 18.2730 pesos per dollar.
- When
- Monday, October 12, at the opening of trading.
- Where
- In the foreign exchange market; the article does not specify a location.
- Why
- Gabriela Siller said the dollar began the week with little change amid lower trading volumes because US financial markets were closed for Día de la Raza.
This story does not have two clearly opposing sides.
The peso closed at its highest level of the year.
The peso appreciated 0.56 percent against the dollar at the opening of trading.
- Exchange rate
- 18.2730 pesos per dollar
- Peso appreciation
- 0.56 percent
- Peso gain
- 13.81 centavos
- Dollar selling price at Banamex
- 18.77 pesos
- US market status
- Financial markets were closed for Día de la Raza
What people are saying
The peso's moderate recovery is due to the dollar starting the week with little change, because of lower trading volumes in the foreign exchange market, as financial markets in the United States remain closed for Día de la Raza
Sources
Related news
Mexico lawmakers consider narrowing transport companies’ toll tax benefit
Mexico workplace rules must respect workers’ rights
Mexico’s financial education week to offer free events in Mexico City
Ibero Puebla urges state to attract automakers to employ Volkswagen workers
Peso breaks a run of losses
Slim-backed INCA plans to list on Mexico’s stock exchange through a spin-off
Former Hotel Bamer now houses 98 apartments near Bellas Artes
Study estimates Pemex could have earned more by exporting crude than refining it
Tiendas 3B adapts some stores while keeping its discount model
AHMSA rescue could cost $3 billion and take up to 15 years, union leader says
Travel companies struggle to keep pace as more travelers use AI
