The price of dollar in Mexico operates in the early hours of Thursday to the downside, after yesterday the fed raised its target interest rate by a quarter of a percentage point, but kept promising “continued increases” in borrowing costs as part of its unresolved battle against inflation.
The exchange rate is listed at 18,592 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, since December 6, 2022, the price of the Mexican peso has improved against the dollar.
dollar globally
Most of the Latin American markets traded moderately higher yesterday, taking advantage of a slight weakness of the dollar globally, shortly after the US Federal Reserve’s monetary policy announcements.
The Federal Reserve The United States raised its target interest rate by a quarter of a percentage point on Wednesday, February 1, but continued to promise “continued increases” in borrowing costs as part of its unresolved battle against inflation.
“Inflation has come down a bit, but it’s still high,” the central bank of USA in a statement that marked an explicit recognition of the progress made in slowing the pace of price increases from the 40-year highs reached last year.
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Source: Gestion
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