The price of the dollar in Mexico opens lower on Thursday, after a US inflation reading raised expectations that the Federal Reserve may have room to reduce the size of its expected interest rate hikes.
The exchange rate is listed at 18.8347 pesos per dollar, according to data from the Bloomberg agency.
It is worth mentioning that the Mexican currency has shown a favorable trend against the dollar since December of last year. And it is that the US authorities implemented a series of monetary policy measures to avoid excessive inflation.
READ ALSO: Dollar below S/ 3.80, is it time to buy the currency?
In this sense, since December 6, 2022, the price of the Mexican peso has improved against the dollar.
dollar globally
A measure of global stocks rose on Thursday, while yields on US Treasuries and the dollar fell after an inflation reading raised expectations the Federal Reserve may have room to reduce the size of its expected interest rate hikes.
In December, consumer prices fell unexpectedly for the first time in more than two and a half years, due to lower prices for gasoline and other goods, suggesting that inflation is on a downward trend.
On the other hand, initial claims for jobless benefits fell to 205,000 in the last week, below the 215,000 expected. Many market participants look for signs of weakness in the labor market as a key sign of slowing inflation.
READ ALSO: After two years on the rise, the dollar falls in 2022, how will it fare at the beginning of 2023?
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
