Price of the dollar today in Mexico: know how much the exchange rate is this June 10

The price of the dollar in Mexico operates on the rise this Friday, in the face of a negative global outlook, due to investor concern about the impact that interest rate hikes may have on the deteriorated world economy.

The exchange rate ended the session on Thursday at 19.6767 Mexican pesos per dollar, an advance of 0.60% compared to the reference price of the Reuters agency on Wednesday, despite having registered a slight advance earlier, during a day that began unstable and after the publication of the inflation figure for May, which showed a slight slowdown in the year-on-year rate.

The peso assimilates the ECB announcements, China’s foreign trade figures, the price of oil and May inflation in Mexico, Ci Banco said.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, lost 1.06% to 49,290.22 units.

Investors remain concerned about a slowdown in the global economy impacted by high levels of inflation and increases in interest rates, Banorte said.

What is the price of the dollar today in Mexico?

The US currency was on the rise and the exchange rate is trading at 19.67 pesos per dollar, according to data from the Reuters agency.

What is the Mexican peso?

The Mexican peso is the official currency of Mexico and the fifteenth most traded currency worldwide, as well as the third in the region, below the US dollar and the Canadian dollar.

The Mexican currency was the first to use the ‘$’ sign which was later popularized by the United States with US dollars. Also, since 1993 the abbreviation for the Mexican peso is ‘MXN’.

In Mexico, one peso is equivalent to 100 cents and there are coins of 1, 5, 10 and 20 pesos, as well as bills of 20, 50, 100, 200, 500, and 1,000 pesos.

Why did it close higher?

At a regional level, most currencies and stock markets in Latin America closed lower on Thursday, pressured by a negative global outlook, due to investors’ concern about the impact that interest rate hikes may have on the deteriorating world economy.

Global markets were also attentive to the inflation data in the United States that will be released on Friday, to see if the Federal Reserve’s argument to be aggressive in terms of monetary policy is justified.

A rise in US Treasury bond yields lifted the dollar index, which compares the greenback against a basket of six major currencies, about 0.7%.

US Treasury yields rose on Thursday after the European Central Bank (ECB) signaled a series of upcoming interest rate hikes and before the US Treasury Department auctioned 30-year bonds.

The ECB said it will end bond purchases on July 1 and raise interest rates by 25 basis points in the same month. Also, it will raise rates again in September and could opt for a bigger move then if inflation continues to surprise.