Millennium Business
Mexico City / 03.05.2025 08:09:00
If you wonder how much is the dollar, you should know that when starting operations today Saturday May 3 The interbank exchange rate is located in 19.58 pesos per unitwith a gain of 0.10 percent, according to data from Bloomberg.
Yesterday, the Mexican peso advanced marginally, after knowing the employment data in the United States, better than expected, relieving part of the anxiety for tariffs imposed by Donald Trump, while the Stock Exchange retreated in its first May session, after closing April with accumulated profits.
After Thursday’s pause by the Labor Dayinvestors were also pending the poll of analysts from the private sector of the Bank of Mexico (Banxico), who lowered their expectation of expansion of the Gross domestic product (GDP) by 2025 to 0.20% from a previous 0.50%.
On Wednesday, the Statistics Institute had reported that the local economy an unexpected 0.2% grew In the first quarter of the yeardiscarding the technical recession anticipated by some specialists after the contraction of the last quarter of 2024.
The local currency closed its price at 19,5832 per dollar, with an appreciation of 0.06% against the LSE reference price on Wednesday, although showing one of the worst behaviors within a basket of emerging currencies favored by the weakness of the dollar index.
“There is talk of the existence of some operations in Asia that include Mexican weight and indicate sales of pesos with outputs of ‘investments or bets’ in favor of our currency,” he said Intercam Bolsa Casa In a client note.
To this uncertain panorama was added the data of the Manufacturing orders indicator of April In the Latin American country, the second largest economy in the region, which presented a monthly decrease of 1.0 point and was 50.9 points.
In USAThe payroll report showed that employers added 177,000 new jobs last month, exceeding the expectations that the indicator had decelerated 130,000 and subtracting reasons from the Fed to hurry to lower the rates.
At the local level, the banco central (Banxico) spread the March remittance report, which increased 2.7% compared to the same month of the previous year to add 5,150 million dollars, thus closing the first quarter with an increase of 1.3% year -on -year.
In Banxico survey, private sector analysts slightly rose the inflation perspective by 2025 to 3.8% from the previous 3.7%, and now they expect the interbank anchor rate to end the year by 7.75% from a previous 8%.
“The growing concern and attention focused on the weakness of economic activity give the Central Bank the confidence to accelerate the rhythm of standardization of monetary policy (provided that the MXN is not significantly weaken),” Goldman Sachs said.
In banks on Friday, Azteca Bank sold the dollar to 20.05 pesos, while Santander did it at 20.40, Citibanamex In 20.11 pesos, BBVA In 20.08 pesos and Banorte In 19.90 pesos.
Real -time dollar
He Bank of Mexico (Banxico) registered in the last one a change rate of 19.65 pesos per dollar.
With Reuters information.
Shz
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