The peso will close the week with gains against the dollar in a setting of “general optimism among investors”, as reported by Reuters. The spot rate on Friday morning was 19.20 and closed at 19.15 pesos to the dollar. The bank exchange rate stands at 19.73 per dollar, according to Citibanamex.
Based on reports published by Banco Base, the peso began Friday’s session with an appreciation of 0.28% (5.5 cents) compared to close of trading on Thursday.
This marks five consecutive days of appreciation, accumulating 1.8% gain in that period.
The gain of the peso occurs even as the dollar strengthens. The dollar index, which measures the greenback’s performance against six currencies (including the Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc), rose 0.3% to 105.45, after briefly hitting a four-week high at 105.52.
The index is on track to post a weekly gain of almost 1.9%, the biggest since September.
The U.S. government reported on Friday that there was strong job growth in December and unemployment fell to 3.5%.
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