The Mexican peso is losing ground, contrary to local market solid returns

The exchange rate is at 16.6966 units per dollar. Compared to a close of 16.6759 units yesterday.

The local currency is retreating after earlier reaching its highest level since July. Investors are digesting a barrage of economic data from the United States.

The Mexican peso is trading with losses on Thursday morning. The local currency is losing ground after earlier reaching its best level since July, as investors digest a barrage of economic data from the United States.

The exchange rate is at 16.6966 units per dollar. Compared to a close of 16.6759 units yesterday, according to the official data from the Bank of Mexico (Banxico), the movement represents a decrease of 2.07 cents for the peso, equivalent to 0.12 percent.

The price of the dollar fluctuates with a high of 16.7370 units and a low of 16.6461 units. The Dollar Index (DXY) from the Intercontinental Exchange, which compares the dollar against a basket of six reference currencies, was up by 0.33% at 103.13 units.

The US Producer Price Index rose by 0.6% in February. Retail sales in the largest economy increased by 0.6% in February compared to the previous month. Weekly initial jobless claims decreased by 1,000 to 209,000.

The peso has shown an atypical strength even after considering the uptick in US inflation on Tuesday, driven by markets with a greater appetite for risk assets.