The price of dollar in Mexico operates in the early hours of Tuesday on the rise, in an environment of greater hope with respect to the fact that inflation may have exceeded its maximum and the Federal Reserve of the United States (fed) start to reduce your interest rate hikes.
The exchange rate is listed at 18,823 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: Exchange rate: can inflation expectations deteriorate due to the advance of the dollar?
In this sense, since December 6, 2022, the price of the Mexican peso has improved against the dollar.
dollar globally
Most of the Latin American currency and stock markets closed with gains yesterday, in an environment of increased hope that inflation may have surpassed its maximum and the Federal Reserve of USA (Fed) start to reduce its interest rate hikes.
READ ALSO: Dollar rebounds due to political crisis and fear of outflows of AFP funds
According to Reuters Agency, the US Treasury Secretary, Janet Yellen, said on Monday that the strength of the labor market and the moderation of inflation in the United States are “very hopeful signs”.
Yellen told reporters that there has been good news about inflation in the United States over the past six months, as energy prices, transportation rates and property prices have eased and largely eased. measure supply chain issues.
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.
