The price of dollar in Mexico It is trading lower in the early hours of Thursday, amid fears for the US economy, after months of rate hikes by the Fed.
The exchange rate is listed at 18,887 pesos per dollar, according to data from the Bloomberg agency.
The Mexican peso depreciated the day before and the stock market moderated its initial advance after comments from officials of the Federal Reserve which fueled concerns that US rates will continue to rise despite signs of slowing economic growth.
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According to Reuters Agency, local assets had strengthened in the morning after the release of figures that showed US retail sales and inflation fell more than expected in December, raising hopes that the central bank could reduce its pace of increases. to interest rates.
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.
In this sense, since December 6, 2022, the price of the Mexican peso has improved against the dollar.
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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 cut 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.
Source: Gestion
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