Dollar today: Mexican peso loses ground and exceeds $19.00

The Mexican peso began trading this Thursday, June 19, with a decline, once again surpassing the psychological barrier of 19.00 pesos per dollar. The volatility is driven by increased risk aversion in global markets and the strengthening of the US currency.

Residents and businesses in Mexico City woke up Thursday to a more expensive dollar. The interbank exchange rate stood at around 19.07 pesos per unit in the first few hours of trading, a slight but significant drop for the national currency compared to the previous close.

This fluctuation is a direct reflection of the Mexican economy's vulnerability to international events, demonstrating how events thousands of miles away can directly impact citizens' wallets.

The weakness of the Mexican peso is not due to a single factor, but rather to a combination of external pressures that have led investors to seek refuge in the dollar:

* Global Risk Aversion: The main cause is an increase in risk perception in international markets, fueled by reports of a possible escalation in the Middle East conflict. Faced with uncertainty, investors tend to sell emerging market assets, such as the peso, and buy dollars, considered a safer asset.

* Dollar Strength (DXY): The Dollar Index (DXY), which measures the strength of the U.S. currency against a basket of six major currencies, rose. This was boosted by the U.S. Federal Reserve's (Fed) decision to keep interest rates unchanged, reaffirming its tight monetary stance.

In this context, the Mexican peso was one of the currencies with the greatest losses among emerging markets during the opening.