The Mexican peso fell in the first operations on Friday, pressured by the global advance of the dollar and the uncertainty in the macroeconomic plane that is impacting the currencies of the region.
This morning, the Mexican peso is trading at 20.1741 per dollar, according to data from Bloomberg.
This implies a loss of 0.23% against the closing price of the Bank of Mexico. And, according to Reuters estimates, it accumulates a decline of 1.73% in the week.
This is the fourth consecutive day in red for the Mexican currency, at a time when investors continue to assess the magnitude of future interest rate hikes in the United States and local data that anticipate an economic slowdown in Mexico .
"The dollar is strengthening, causing all developed and most emerging currencies to trade in negative territory," Banorte said in a note sent to clients.
The national statistics institute of Mexico, INEGI, published on Friday the retail sales report for June, which denotes a decrease in consumption, with a drop of 0.3% in the month-on-month comparison, although the reading marked a year-on-year advance of 1.5%.
