“Peso-Dollar Exchange Rates and Currency Market Updates: Latest News and Analysis”

2023-05-12 21:56:24

The Mexican currency in international markets is located at 17.59 pesos per dollar wholesale, which means a depreciation of 0.11% or 2 cents compared to the previous day, according to information from Bloomberg.

Yesterday, the parity consolidated the strong appreciation of Wednesday, finding support at 17.54 pesos, with which it failed to overcome a first technical target of 17.50. A moderate bearish momentum is maintained, so it is not ruled out that the price seeks to break the floor in the area of ​​7.50 units in the short term, Monex specialists estimated.

The Dollar Index, which compares the behavior of the US currency against the other six main world currencies, dawns with a marginal appreciation of 0.2%. The euro falls 0.3% against the greenback, while the pound loses 0.02%

Bitcoin, the currency with the largest assets in the cryptocurrency market, fell 3.6%, maintaining little investor appetite.

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#price #dollar #Mexican #peso

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