Following the approval of the reform of the judiciary In the Senate, the exchange rate dollar against mexican peso fell during the morning of today, Wednesday, September 11.
During the morning of this Wednesday, between 10:00 and 11:00 hours, the mexican peso fell to 19.80 pesos per dollar unit.
The Mexican peso appreciated against the dollar in the context of the approval of the judicial reform proposed by President Andrés Manuel López Obrador (AMLO) which coincided with a slight drop in the US currency following the US presidential debate.
Dollar: How much is the Mexican peso worth today, September 11?
On the morning of this session, the Mexican currency was trading at 19.80 pesos per dollar, which represents a 1.46% advance compared to the reference price on Tuesday, September 10, when it surpassed the 20 pesos barrier.
At 11:15 in the morning, the Mexican peso records a value of 19.7482 per unit of dollaralthough minutes later it depreciated to 19.77.
This appreciation of the Mexican peso comes after being at one of its worst levels in almost two years. be located up to 20.14 units due to the concern of markets and investors about the reform of the Judicial Branch that was already approved in the Senate during the early hours of this Wednesday.
Mexican peso-dollar exchange rate today, September 11 (Especial)
Why did the Mexican peso fall after the approval of the reform to the Judicial Branch?
Financial analysts believe that investors already assumed that the reform of the judiciary was going to be approved and after it was finalized, the pressure on the Mexican currency moderated.
In addition to the above, the political life of the United States, Mexico’s main trading partneralso plays an important role in the exchange rate.
After the presidential debate between Kamala Harris y Donald Trumpthe forecasts of a possible Republican victory would have been slightly reducedwhich is also causing investors to consider changing the positioning of their portfolios in view of the presidential elections.
MEXICO CITY, Senate of the Republic. (Darkroom / Darkroom)
2024-09-12 00:28:36