Price of the dollar opens this Friday lower at 16.87 pesos

The Mexican currency in international markets stands at 16.87 pesos per wholesale dollar, which means an appreciation of 0.54% or 9 cents compared to the previous day, according to information from Bloomberg.

In the overnight session, the exchange rate showed volatility with a bearish bias. This Friday, the peso found support in a better-than-expected reading regarding local investment during February.

In addition, it was favored by a decline in the dollar after learning of the weak growth of the US labor market in April, which could put pressure on the Federal Reserve’s objective of maintaining high rates for a prolonged period, Monex specialists explained.

The Dollar Index, which compares the behavior of the US currency against the other six main currencies in the world, dawns with a depreciation of 0.7%. The euro rises 0.6% against the greenback, while the pound gains 0.7%.

Bitcoin, the currency with the largest assets in the cryptocurrency market, advances 2.8%, maintaining investor appetite.

Business reports generate optimism in international markets

At the end of the week, global stock markets show positive movements, after knowing employment figures in Europe and the United States, which could modify expectations about monetary policy.

Additionally, optimism was favored by the reporting season, after an attractive recovery in Apple’s performance in China, in addition to a share buyback announcement, which becomes the largest in the history of the United States.

On Wall Street, the futures of the main stock indicators point to a positive opening, highlighting the 1.6% rise in the Nasdaq.

In Europe, the stock markets present positive movements, where the Euro Stoxx 50 operates with an advance of 1.0%, while in Asia the markets closed mixed, the Nikkei lost 0.1% and the Han Seng gained 1.7%.

The price of US WTI oil, the reference for the Mexican mix, advanced 0.5%, stopping four sessions of losses, but outlining its strongest weekly fall since February, largely due to lower geopolitical premiums associated with the Middle East.