The price of dollar in Mexico It operates in the early hours of Monday on the rise, after a greater appetite of investors for risky assets, given the hopes of an improvement in the global economy after the opening of some markets in China.
The exchange rate is listed at 18,889 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 measures in terms of monetary policy to avoid excessive inflation.
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In this sense, from December 6, 2022, the price of Mexican peso has improved against the dollar.
dollar globally
Most of the currencies and stock markets in Latin America closed with gains last Friday due to greater investor appetite for risky assets, given hopes of an improvement in the global economy after the opening of some markets in China .
However, the promise of central banks to continue raising interest rates to contain inflation and concerns about an economic slowdown in the United States put a brake on the advance of the markets, according to Reuters.
READ ALSO: Dollar rebounds due to political crisis and fear of outflows of AFP funds
“A wave of US data on Thursday indicated that the world’s largest economy is slowing on the back of multiple rate hikes by the Fed. Money markets show traders are bracing for the end of rate hikes in mid-June. year”.
Source: Gestion
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