The peso depreciated on Thursday following a surge in the day prior to this, reaching ranges not seen since mid-April. This decline comes within the midst of a worldwide strengthening of the greenback as buyers eagerly await statements from varied Federal Reserve (Fed) officers concerning the way forward for rates of interest.
Trading at 16.7250 items per greenback, the peso skilled a 0.27% loss in comparison with the Wednesday reference worth of Reuters. The foreign money had initially superior to 16.6449 per greenback on Wednesday after constructive information from the United States supported hypothesis that the Fed would decrease rates of interest this yr.
Recent stories have proven a lower within the variety of Americans submitting for unemployment advantages, a drop within the Philadelphia Fed index for May, and stagnant industrial manufacturing for April.
Looking forward, a number of US central financial institution officers, together with Federal Reserve Vice President of Supervision Michael Barr and Philadelphia Fed head Patrick Harker, are set to present their insights on the financial outlook at varied occasions all through the day.
Stay knowledgeable on enterprise and present occasions by following Forbes Mexico for the newest updates. For extra curated information, think about following our Showcase on Google News.
Source: Reuters.