He Mexican Peso this Friday it depreciated global dollar strengtheningafter a better-than-expected US labor market report underscored expectations that interest rates will remain high for a long time.
The national currency MXN was quoted in 18.3410 per dollar, with a loss of 0.52% compared to the Reuters benchmark price on Thursday. Added this week decrease by 5.4%this is the worst result since September 2020.
“The strong jobs report supports the idea that the Federal Reserve should raise interest rates given the threat that labor market strength could keep pressure on inflation,” CIBanco said in a research note.

Photo: Cuartoscuro
Locally, investors’ eyes began to turn to the release of September inflation data on Monday, following last week’s Banco de México left the key rate unchanged and delayed the price index approaching the official target until the second quarter of 2025.
For now, the peso is expected to fluctuate in a range for the rest of the day. From 18.27 to 18.46 per dollarAccording to Banco Base analysts.
Source: Aristegui Noticias

Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.