The price of dollar in Mexico trades higher in the early hours of Thursday, amid increased appetite for Dollars globally, as well as the fall in the prices of Petroleuman important generator of foreign exchange for many countries in the region.
The exchange rate is listed at 18,054 pesos per dollar, according to data from the Bloomberg agency.
It should be mentioned that the Mexican coin It has shown a favorable trend against the dollar since December of last year. And it is that the US authorities implemented a series of measures in terms of monetary policy to avoid excessive inflation.
In this sense, since December 6, 2022, the price of the Mexican peso has improved against the dollar.
dollar globally
Most of the currencies and stock markets in Latin America closed the previous day in negative territory, dragged down by a greater appetite for Dollars globally, as well as the fall in the prices of Petroleum, important generator of foreign exchange for many countries in the region.
According to Reuters Agency, the greenback rose against its peers as market skepticism about expectations of rate cuts in the United States at the end of the year pushed up US debt yields, which pushed the once caused a 2% drop in oil prices.
“Even if the Fed stops raising interest rates, the dollar could rise again against Latin American currencies, as fears of a recession for the second half of this year are increasing”Alexander Londoño, a market analyst at ActivTrades, told Reuters.
Source: Gestion
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