Price of the dollar today in Mexico: what is the exchange rate at this Friday, January 20?

The price of dollar in Mexico trades higher in the early hours of Thursday, despite weak economic data from USA released in the previous day, which revived fears about a possible global recession.

The exchange rate is listed at 18,997 pesos per dollar, according to data from the Bloomberg agency.

“The currency is trading at 19 pesos, reacting to technical signals of oversold and the strength of the dollar”said the firm Actinver. “We see stability in the exchange rate in the first part of the year (in the range of 19). In the second half, given the search for protection, it could trade around 20″.

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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 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.

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Most of Latin America’s currencies fell the day before, as weak US economic data released the day before revived fears of a possible global recession, also causing global stocks and prices to fall. of the oil.

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According to the Reuters Agency, the markets also took the hit from statements by various Federal Reserve officials who have advocated further increases in interest rates in the United States to deal with inflation.

The Fed needs to raise rates “a little bit” above the 5% to 5.25% range to control inflation, Cleveland-based Fed President Loretta Mester said Wednesday, declining to say what her preferred decision would be for the Fed. the next meeting.