He Mexican peso started the day this Wednesday with a appreciation against the dollar after two consecutive days of losses.
Shortly before 9:00 a.m. the exchange rate was around 19.50 pesos per dollaraccording to Investing.comwhich represents a appreciation of one percent compared to yesterday’s closingor a gain of 21 cents.
In an analysis, the BASE Bank points out that the appreciation of the peso This morning is the result of a correction, after the currency accumulated a loss in the last seven sessions. depreciation of 6.02 percent or 1.12 pesos.
The Fall of the peso against the dollar It is mainly due to a Greater risk aversion on Mexico by the advancement of the reforms to the judiciary and for disappear autonomous bodies.
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According to analysts, The exchange rate could exceed 20 pesos per dollar in the coming days before the change of legislature and the approval of the reforms driven from the Executive.