Today Thursday September 5th the US dollar passes over Mexican pesosince the exchange rate rose up to the 20 pesos per unit.
Although last week the Mexican peso was battling the dollar to avoid reaching 20 units, this Thursday, September 5, the situation has changed.
Although throughout the beginning of this day the variation of the exchange rate of the peso against the dollar has not exceeded 21 units.
Dollar against Mexican peso: the exchange rate reaches 20 units
At the start of the day on Thursday, September 5, Mexican peso reached 20 units against the US dollar.
Although it has varied between 19 and 20 units, the dollar managed to make the Mexican peso lose ground, just one day after the Chamber of Deputies approved the reform of the judiciary.
Dollar against Mexican peso today September 5 (Especial)
After this movement in the exchange rate, the Mexican currency is positioned in the second place among emerging countries’ currencies what show greater losses against the dollar for this Thursday, September 5th.
However, continues to fight to stay out of the 21 units.
Why is the Mexican peso losing ground against the dollar today, September 5?
According to the financial analysis of Grupo Monex, the reason why the Mexican peso has lost ground at the beginning of the day against the dollar es why los markets assimilate the approval of the reform the judiciary in the Chamber of Deputies.
Meanwhile, they are still waiting for the start of discussion and voting in the Senate, which will take place next week.
Although it is expected that next Sunday, September 8, the Senate will begin analyzing the initiative that was approved in the Chamber of Deputies by a qualified majority.
It is worth remembering that the US markets and their companies were nervous about the approval of the reform to the Judicial Branch, since they argued that there was a lack of legal security for their investments in Mexico.
2024-09-05 20:27:29