The dollar appreciated against other currencies this Friday, November 6driven by the demand for assets considered safe havens, in the midst of a sell-off in technology stocks and artificial intelligence.
He mexican pesofor its part, recovered ground and was trading around 18.70 units per dollarwith a advance of 0.20 percent. The currency seeks to stop a streak of eight consecutive weeks of losses, as investors wait for new data from the United States labor market.
According to Bloomberg data, the interbank exchange rate It began operations at 18.71 pesos per dollarwith a depreciation of 0.22 percent for the US currency.
Mexican peso recovers ground after fall due to Banxico’s decision
The Mexican currency extended its recovery after the sharp fall recorded on Thursday, when the Bank of Mexico (Banxico) surprised the market by cut its reference interest rate from 6.50 to 6.25 percent.
After the announcement, the peso reached trade at 18.95 units per dollar, its weakest level since August 2025and closed the day with a loss of 0.85 percent.
For this Friday, the price fell to 18.70 pesos per dollar, which represents a gain of 0.20 percent for the Mexican currency. In the weekly balance, the peso accumulated a positive return of 0.35 percent.
What drives the dollar this Friday?
The US currency found support in the search for safe haven assets, given the sales of technological stocks related to artificial intelligence, which spread to international markets.
Unlike what happened during a similar sell-off in October, this time investors have sought greater protection in US Treasury bonds and short-term instruments.
Markets also remain attentive to the October non-farm payrolls report in the United States, the results of which may influence expectations about the Federal Reserve’s (Fed) upcoming monetary policy decisions.
Source: www.expreso.com.mx
