The Mexican peso appreciated on Wednesday, returning to its upward trend after the previous day's losses, while investors continued to pay attention to the United States inflation data for September that will be released on Thursday.
Peso to dollar exchange rate
This morning, the exchange rate was trading at 20.0636 pesos per dollar, a gain of 0.21% compared to Tuesday's close, when the dollar was trading at 20.1071 pesos per unit, according to data from Banco de México.
The markets also digested economic data for the day. The producer price index (PPI) for US final demand rose 0.4% in September, the Labor Department said on Wednesday, above the 0.2% estimate in a Reuters poll. between analysts.
In the United States, producer inflation for September was published, standing at an annual rate of 8.5%, slightly above market expectations of 8.4%, but confirming a decrease in the annual rate for the third consecutive month. Banco Base and added that investors will be attentive to the publication of minutes from the Federal Reserve this Wednesday at 1:00 p.m.
During the session, the exchange rate is expected to trade between 20.00 and 20.12 pesos per dollar.
With information from Reuters.
