Mexico City – The Mexican peso advances against the US dollar on the morning of this Thursday, May 8, after becoming known that inflation in Mexico rose more than expected in April, but within the range of Bank of Mexico (Banxico).
See more: Real -time exchange rate
The price of the dollar quotes at 19.51 Mexican pesos per unitwhich represents an appreciation of 0.39% of the currency of Mexico, with respect to the closing of Wednesday, when the exchange rate was 19.59 pesos per dollar (Mexico City, 7:21).
The performance of the Mexican currency coincides with a strengthening of the dollar. The dollar index (DXY), a weighted indicator that measures the value of the US currency in front of a coin basket, rises 0.32% (Mexico City, 7:24).
The strengthening of the dollar coincides with the news that the government of the US president Donald Trump reached a “complete” commercial agreement with the United Kingdom.
See more: Trump announces a “complete” commercial agreement between the US and the United Kingdom
-Ayer, The Federal Reserve (Fed), The American Central Bank, kept the interest rate without changes. Its president, Jerome Powell, said the Central Bank can wait to adjust the fees, warning tariff risks, which reactivated Donald Trump’s criticism.
See more: Trump attacks again against Jerome Powell for keeping the stable rates
This morning, seven of the 16 greatest currencies followed by Bloomberg record advances to the dollar, the Mexican peso is located in the fourth place.
Exchange rate in the Official Gazette, Banorte and Banco Azteca
The Official Gazette of the Federation (DOF) establishes this morning a change rate of 19,5880 Mexican pesos per dollar.
Thus it quotes the price of the dollar in the main banks of Mexico in the early hours on Thursday, May 8, According to the review by Bloomberg Line.
Sales price (Mexico City, 7:37):
- BBVA Mexico: 19.80 pesos per dollar
- Banorte: 19.95 pesos per dollar
- Azteca Bank: 20.05 pesos per dollar
- Banamex: 20.12 pesos per dollar
