The Mexican peso closed the week with gains against the US dollar after a turbulent week of ups and downs in the foreign exchange market. On Saturday, April 27, 2024, the N+Dollar in Mexico saw the peso appreciating, following positive economic data.
According to infobae, the price of the dollar in Mexico on Friday, April 26, showed an appreciation of the peso due to good employment data in Mexico and higher-than-expected Personal Consumption Expenditure (PCE) in the US.
On Thursday, April 25, the Superpeso continued to recover ground against the dollar, as reported by the EL INFORMADOR. This trend was further supported by Forbes Mexico, which noted that the peso experienced its best appreciation since December.
Overall, the Mexican peso is showing strength against the US dollar, reflecting positive economic developments both domestically and internationally. Investors and traders will be closely monitoring the currency market for any further fluctuations in the coming weeks.