Dollar opens today at $18.80 MXN: peso weakens 0.4% due to impact of US inflation report

The Mexican currency fell 0.4% or 8 cents this Thursday, July 17, compared to the previous day.

According to Bloomberg, it opens at around 18.80 pesos per dollar in international markets.

In the overnight session, the exchange rate showed upward volatility. Today, the peso weakened again, in line with US macroeconomic expectations after evaluating inflation reports, while investors continue to await developments in trade negotiations.

The dollar index, which compares the performance of the US currency against the other six major world currencies, opened with a 0.46% appreciation. The euro fell 0.48% against the greenback, while the pound lost 0.2%.

Bitcoin, the most active currency in the cryptocurrency market, fell 0.58%, losing investor appetite.

Markets open with a positive bias after Trump's comments about the Fed chief

Global stock markets are showing mixed movements with a positive bias, following Donald Trump's statements that he has no intention of firing Federal Reserve Chairman Jerome Powell. However, in his speech, he does not rule out doing so, giving little likelihood of it happening.

Additionally, the president announced that he will send letters to more than 150 countries notifying them of tariffs of 10% to 15%, reviving his trade policy of recent weeks. He also suggested that he views these letters as trade agreements, as he has no intention of engaging in extensive negotiations with other countries.

On Wall Street, futures for key stock indicators point to a positive opening, with the Nasdaq gaining 0.3%.

In Europe, stock markets are showing positive movements, with the Euro Stoxx 600 trading up 0.7%, while in Asia, markets closed mixed, with the Nikkei gaining 0.6% and the Han Seng losing 0.08%.

The price of U.S. WTI crude oil, the benchmark for the Mexican blend, rose 1.0%.

For their part, metals are trading negatively, with gold losing -0.7% and copper -0.2%.