The Mexican peso slightly appreciates during Tuesday’s session

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The local currency gains ground against a weakening USD on the international level, awaiting a key inflation data release in the United States scheduled for the end of this week.

The Mexican peso is advancing against the US dollar this Tuesday morning. The local currency is gaining ground as the greenback weakens in anticipation of key inflation data in the United States to be released at the end of this week.

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The spot exchange rate stands at the level of 16.6715 units per dollar. With an official closing of 16.6815 units per dollar yesterday, according to data from the Bank of Mexico (Banxico), the movement signifies an improvement of one cent, equivalent to 0.06 percent.

The price of the dollar is moving within an open range, reaching a maximum of 16.7205 pesos and a minimum of 16.6658 pesos. The Dollar Index (DXY), from the Intercontinental Exchange, which measures the greenback against a basket of six currencies, was down 0.34% at 104.12 points.

This week will be one of transition and calmness, with investors awaiting the Personal Consumption Expenditures (PCE) Price Index, the inflation gauge most closely watched by the Fed.

However, this reference won’t be factored in until next Monday, as most financial markets will remain closed on Friday due to Good Friday holiday.

Meanwhile, it was revealed today that durable goods orders in the United States increased more than expected in February, while business investment in equipment appeared to improve in the first quarter.

Durable goods orders, ranging from toasters to aircraft designed to last three years or more, rose 1.4% last month, amid increases in orders for transportation equipment and machinery, said the Census Bureau of the Department of Commerce on Tuesday.





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