The Mexican peso appreciated on Friday, July 5, 2024.
In Mexico City, the peso strengthened as the global dollar weakened. This happened as investors considered U.S. job growth figures, which showed a slowdown in June but still a healthy pace.
The peso was trading at 18.0450 per dollar, up 0.18 percent from Thursday. This marked its fourth consecutive day of gains.
The U.S. added 206,000 nonfarm payroll jobs in June, according to the Labor Department. May’s data was revised down to 218,000 jobs from the previously reported 272,000.
The peso was on track to end the week with a 1.6 percent cumulative return. However, it had lost 6.2 percent since the ruling party’s big win in the June 2 elections.