The Mexican peso depreciated on Monday hit by a global wave of risk aversion in the face of a sharp weakening of the pound sterling and after the OECD affirmed that world economic growth was slowing more than expected in the wake of the invasion in Ukraine .
Exchange rate from dollar to pesos
The Mexican peso was trading at 20.3176 per dollar, down 0.42% compared to the closing price of the Bank of Mexico on Friday, when the exchange rate was 20.23 pesos per dollar.
"The event that could support the next Mexican currency will occur on Thursday, with the announcement of Banxico's monetary policy decision, Monex Grupo Financiero said in an analysis note.
It is at an all-time low, amid growing concern that the new government's economic plan will push British finances over the edge.
The Organization for Economic Co-operation and Development (OECD) said that while global growth of 3% is still expected this year, it is now projected to slow to 2.2% in 2023, marking a downward revision. from the 2.8% forecast made in June.
For the rest of the day, the Mexican peso is expected to oscillate in a range of 20.23 to 20.37 per dollar, said Gabriela Siller, director of analysis at local firm Banco Base.
