On Wednesday, September 4th, the domestic currency was trading at 20.1090 per dollar, down 0.92 percent from the Reuters reference price.
The Mexican peso was depreciating on Thursday due to persistent concerns about the progress in Congress of a controversial judicial reform, while investors digested figures from the United States labor market.
The domestic currency MXN= was trading at 20.1090 per dollar, down 0.92 percent from Wednesday’s Reuters reference price, although shortly before it weakened to 20.1520 units, a level not seen since October 2022.
According to the data, which precedes an expected report on the health of U.S. employment scheduled for Friday, private sector hiring rose last month at its slowest pace in three and a half years, however, applications for unemployment aid fell more than expected last week.
At the local level, the Senate is expected to discuss the ruling on changes to the justice system next week, after the Chamber of Deputies approved the constitutional reform the day before.
San Miguel Times
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