How Much Does It Lose to the Dollar Today?
- dollar Monday, reversing gains from the previous week, as disappointing industrial production data weighed on investor sentiment.
- The peso depreciated 0.95% to 19.63 units per dollar,a 17-cent increase compared to the closing rate on Friday,May 9.
- Janneth Quiroz, director of Economic and Exchange Analysis at Monex, attributed the peso's decline to a strengthening dollar and a concerning industrial production report from Mexico.
Mexican Peso Slides Against Dollar Amid Weak Industrial Data
Table of Contents
- Mexican Peso Slides Against Dollar Amid Weak Industrial Data
- Mexican Peso Slides Against Dollar: your Questions Answered
- Why Did the Mexican Peso Weaken Against the U.S. Dollar?
- What Was the Peso’s percentage Decrease, and How Did This Impact the Exchange Rate?
- What Does the Director of Economic and Exchange Analysis at Monex Say About the Peso’s Decline?
- How Did Weak Industrial Production Impact the Peso?
- What Sectors Were Moast Affected by the Industrial Decline?
- how Does This Contraction Compare to Previous Months?
- how Much Were Dollars Being Sold At Banks?
- What is the Dollar Index (DXY)?
- How Did the Dollar Index Perform?
- How Did Bond Yields Compare in the U.S. and Mexico?
- Which Other Currencies Experienced Depreciation?
Mexico’s peso weakened against teh U.S. dollar Monday, reversing gains from the previous week, as disappointing industrial production data weighed on investor sentiment.
The peso depreciated 0.95% to 19.63 units per dollar,a 17-cent increase compared to the closing rate on Friday,May 9.
Janneth Quiroz, director of Economic and Exchange Analysis at Monex, attributed the peso’s decline to a strengthening dollar and a concerning industrial production report from Mexico. “The exchange rate is more promoted by the strengthening of the dollar and considering a weak industrial production report in Mexico,” Quiroz stated. She added that the peso remained relatively resilient due to ongoing speculation about a potential trade agreement between Mexico and the United States.
Industrial Activity Declines
data revealed a 1.31% year-over-year contraction in Mexican industrial activity for March, according to the monthly indicator of industrial activity (IMAI). The decline was primarily driven by struggles in the mining and electricity sectors, and also challenges in the supply of water and natural gas.
The March figures represent a setback after a modest 0.39% year-over-year rebound in February.
Dollar Prices at Banks
Banamex bank is selling dollars at 20.16 pesos, while the purchase price is 19.02 pesos.
Global Currency Market
The dollar index (DXY), which measures the dollar’s strength against a basket of six developed-market currencies, rose 1.26% to 101.60 points. Bloomberg’s dollar index (BBDXY) advanced 0.92% to 1,58.59 units.
In the bond market, the yield on the 10-year U.S. Treasury note stood at 4.44%, while the 10-year Mexican bond yield remained at 9.36%.
Other currencies experiencing notable depreciation on Monday included the Japanese yen (1.80%), the Hungarian forint (1.80%), the Polish zloty (1.53%), the South Korean won (1.40%), and the Swiss franc (1.36%).
Mexican Peso Slides Against Dollar: your Questions Answered
This article provides answers too common questions about the Mexican Peso’s recent performance against the U.S. dollar, drawing details directly from the provided source material.
Why Did the Mexican Peso Weaken Against the U.S. Dollar?
The Mexican peso weakened against the U.S.dollar on Monday due to two primary factors: a strengthening dollar and disappointing industrial production data from Mexico.
What Was the Peso’s percentage Decrease, and How Did This Impact the Exchange Rate?
The peso depreciated by 0.95% against the U.S. dollar. This led to an increase of 17 cents, with the exchange rate reaching 19.63 pesos per U.S. dollar compared to the previous Friday’s closing rate.
What Does the Director of Economic and Exchange Analysis at Monex Say About the Peso’s Decline?
Janneth Quiroz, director of Economic and Exchange Analysis at Monex, attributed the peso’s decline to a stronger dollar and a weak industrial production report from Mexico, which weighed on investor sentiment. She mentioned that the currency remained relatively resilient due to speculation about a potential trade agreement.
How Did Weak Industrial Production Impact the Peso?
The source states that disappointing industrial production data played a key role in the Peso’s decline. Specifically, Mexican industrial activity contracted by 1.31% year-over-year for March. This data signaled underlying economic weaknesses that influenced investor confidence.
What Sectors Were Moast Affected by the Industrial Decline?
The decline in industrial activity was primarily driven by struggles in the mining and electricity sectors, as well as issues related to the supply of water and natural gas.
how Does This Contraction Compare to Previous Months?
The March contraction represents a setback after a 0.39% year-over-year rebound in February.
how Much Were Dollars Being Sold At Banks?
At the time of the data, Banamex bank was selling dollars at 20.16 pesos, while the purchase price was 19.02 pesos.
What is the Dollar Index (DXY)?
The dollar index (DXY) measures the dollar’s strength against a basket of six developed-market currencies.
How Did the Dollar Index Perform?
The dollar index (DXY) rose 1.26% to 101.60 points. The Bloomberg dollar index (BBDXY) advanced 0.92% to 1,58.59 units.
How Did Bond Yields Compare in the U.S. and Mexico?
Here’s a comparison of the 10-year bond yields:
| Country | Bond Yield |
|——————-|————|
| U.S. (10-year) | 4.44% |
| Mexico (10-year) | 9.36% |
Which Other Currencies Experienced Depreciation?
Other currencies that experienced notable depreciation on Monday included:
Japanese yen (1.80%)
Hungarian forint (1.80%)
polish zloty (1.53%)
South Korean won (1.40%)
* Swiss franc (1.36%)