The Mexican peso appreciated against the US dollar, closing at 18.53 pesos per dollar after operators digested Mexico’s October inflation reading published by Banco de México (Banxico). The move was a gain of 0.48 percent, or 9.03 centavos, against the previous close.
Laura Torres, investment director at IMB Capital Quants, said the peso showed an appreciation bias. She said it was consolidating ground gained at the close of the previous week, in an international environment of analytical caution.
Retail dollar prices
At bank counters, the retail dollar price stood at 19.11 pesos, according to Banamex data.
Torres described the environment as one attentive to high-impact fundamental catalysts.
Related: Peso firms to 18.53 per dollar on Día de Muertos holiday · Mexican peso gains 3.46 centavos against the dollar
Source: Bank of Mexico
