Mexico City. The Mexican peso opened Thursday's session with a 0.13 percent appreciation against its U.S. counterpart, trading at around 19.5883 per dollar.
Amid a standby between trade and geopolitical negotiations, where progress is too slow for the speed at which markets react, the Mexican currency will attempt to extend its gains against the dollar and reach its fifth consecutive day of gains, while the dollar corrects after its 1 percent gain in the previous session.
In Mexico, headline inflation for the first half of April surprised on the upside, reaching 0.12 percent biweekly, versus the 0.03 percent expected, resulting in a 3.96 percent annual increase in consumer prices.
As with core inflation, which excludes goods and services with more volatile prices or those that do not respond to market conditions, and determines the trajectory of prices in the medium and long term, it rose 0.34 percent biweekly against the expected 0.23 percent, for an annual variation of 3.90 percent.
