The Mexican currency spins five consecutive days of appreciation against the dollar, because it is expected that the interest rate in the United States will stop increasing at the rate it has been doing.
The weakening of the dollar deepened after July inflation was lower than expected in the United States. While in Mexico, a rise of 75 base points in the interest rate is expected.
After it was announced that inflation in Mexico reached 8.15% in July, the peso appreciated just 0.26% against the dollar, while the markets await the data from the United States.
After Tuesday's fall, the peso recovered value against the dollar on Wednesday. And at the opening of this Thursday the national currency appreciated about 0.38%, according to data from Bloomberg.
The correction of the markets, after the volatility caused by the tensions between China and the United States, caused the Mexican currency to appreciate up to 0.71% against the dollar.
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