The Mexican peso depreciated against the dollar early on Monday, amid the strength of the US currency in a day of risk aversion due to weak economic data in Asia.
The Mexican currency was quoted, on the morning of this August 15, at 19.9589 units per dollar , with a loss of 0.56% compared to the closing price of the Bank of Mexico, on Friday, of 19.8466 pesos per dollar.
"The Mexican peso pauses in its positive rally of recent sessions and is under pressure, in a day where the protagonists are China and the international pause price of oil," Ci Banco said in a note.
The dollar-peso exchange rate could fluctuate during the day in a range between 19,888 and 20.10 pesos per dollar , according to Ci Banco estimates.
China's industrial production, retail sales and fixed asset investment fell short of analyst estimates in data released on Monday, as the nascent recovery from COVID-19 lockdowns faltered.
