Weight, at its best level since November 2015; trading at 16.46 per dollar

Mexico City. The peso against the dollar began the last day of the week with a gain of 0.78 percent or 12.9 cents, bringing the exchange rate to 16.46 units per greenback.

At the start of the session, the Mexican currency with respect to the dollar, the main currency to be negotiated in the exchange market, was quoted at a maximum of 16.60 units and a minimum of 16.45 per greenback, a new minimum not seen since November 24, 2015.

Analysts indicated that, with the above, the national currency is positioned as one of the most appreciated currencies in the broad basket of its main crosses.

“The peso appreciates, since a strong labor market in the United States is correlated with sustained economic growth in that country, which in turn can boost Mexico’s growth via exports,” said Gabriela Siller, chief economist at Banco Base. in an analysis.

Monex analysts specified that the Mexican peso “extends the advance established earlier and is positioned in second place among the currencies of emerging countries that present the greatest gains against the dollar.”

“The Mexican currency was favored by the good employment report for March in the United States, which shows that the economy of that country remains strong, which would support the entry of dollars into Mexico via exports, remittances and foreign direct investment,” Monex experts explained.

For its part, the Price and Quotation Index (IPC) of the Mexican Stock Exchange (BMV) began the session at 57,976 points, which implied a gain of 0.16 percent or 93.31 points compared to yesterday’s close. .