He weight operates this Friday morning with gains against the dollarafter closing with losses the previous day.
He The exchange rate is at 19.65 pesos per dollaraccording to the platform Investing.comwhich means an appreciation of 0.90 percent compared to Thursday’s close.
The appreciation of the peso It is due to an increase in appetite for risk in the global financial marketallowing for foreign exchange gains from emerging economies, according to the BASE Bank.
The national currency has been seen pressed this week by internal factorsmainly due to the progress of the reform of the Judicial Branch in the Chamber of Deputies, which is expected to be approved next week.
Various analysts expect that The exchange rate will reach 20 pesos per dollar in the next few daysonce the new Legislature comes into operation, where the approval of reforms to the Judicial Branch and the extinction of autonomous bodies such as the Energy Regulatory Commission (CRE)National Hydrocarbons Commission (CNH), Federal Economic Competition Commission (Cofece) and the Federal Telecommunications Institute (IFT).
The peso has been falling since Morena’s victory in the elections
He Peso accumulates a depreciation of 16.88 percent Since the victory of Brunette at the polls last June 2nd to date, almost what the currency earned in more than five years of the 4T.
This Thursday, the exchange rate closed at 19.83 weights per dollarwhich represented a fall of 0.97 percent for the national currency compared to Wednesday, or 19 cents, according to data reported by the Bank of Mexico (Banxico).
Since the triumph of Claudia Sheinbaum in the presidential election, The national currency lost 2.86 pesos against its US counterpart.
On May 31, the Friday before the election, trading closed at 16.96 pesos per dollar.
Following the triumph of the former head of government, On Monday, June 3, the national currency fell 4.39 percent and began to lose ground against the greenback.
At the counter, the dollar It went from being sold at 16.99 pesos to 20.18 units this Thursdayaccording to data from BBVA.
Ramsé Gutiérrez, Senior Vice President and Co-Chief Investment Officer at Franklin Templeton Mexicostressed that With only 90 days to go until the presidential election in the country, the depreciation of the peso has already exceeded volatility observed in previous elections, with the exception of 1994, when the so-called “December error” led to a devaluation of more than 40 percent in just 125 days.
“So far this year, the The Mexican peso has emerged as one of the weakest currencies globally, “influenced by both external and internal factors. However, recently, internal factors have had a more significant impact due to the uncertainty generated by the constitutional reform to the judiciary,” the analyst said in a note.