The price of dollar in Mexico trades higher in the early hours of Wednesday as markets watch for data that may give clues to future moves in interest rates from the Federal Reserve Bank of USA.
The exchange rate is listed at 18,804 pesos per dollar, according to data from the Bloomberg agency.
The Mexican peso advanced yesterday, according to the Reuters Agency, and the stock market rose again, briefly piercing the 55,000 point barrier, at a time when investors seek new clues to decipher the path that the US Federal Reserve (Fed) will follow. , in the week prior to their monetary policy meeting.
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In addition, the primary rate of the 28-day Cete benchmark, meanwhile, climbed to levels not seen since May 2001 in the weekly government debt auction, anticipating an expected rate increase by Banco de México in its February notice. to cope with high levels of inflation.
dollar globally
The currencies and stock markets of Latin America registered a mixed closing yesterday, with the markets attentive to data that could give clues about the future movements in the interest rates of the Federal Reserve of USA.
According to Reuters Agency, most US Treasury yields fell on Tuesday in a choppy session as investors await next week’s Fed policy meeting which is expected to announce a hike. of 25 base points in the interest rate.
Treasury yields reversed initial trend and then traded lower after data indicated the slowdown in the US manufacturing and services sector eased this month.
READ ALSO: Dollar rebounds due to political crisis and fear of outflows of AFP funds
Source: Gestion
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