Price of the dollar today in Mexico: what is the exchange rate at this Friday, February 3?

The price of the dollar in Mexico operates downward in the early hours of Friday, while the investors they analyzed the monetary policy announcements of the Federal Reserve and the European Central Bank, playing in favor of extending the appetite for risky assets that was seen in January.

The exchange rate is listed at 18,662 pesos per dollar, according to data from the Bloomberg agency.

The peso and the Mexican stock market fell the day before, as the momentum generated by the less restrictive tones in monetary policy adopted this week by the world’s large central banks lost strength.

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In addition, local markets were still digesting the most recent decision by the US Federal Reserve (FED), which raised its interest rate by 25 basis points on Wednesday, thus slowing down the pace of its cycle of monetary adjustments.

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Latin American currencies eased appreciations at the close of the previous day, as investors analyzed the monetary policy announcements of the Federal Reserve and of the European Central Bankplaying in favor of spreading the appetite for risky assets seen in January.

According to Reuters Agency, assets reacted to comments by Fed Chairman Jerome Powell that the disinflation process in the United States has begun, although he also noted that interest rates will continue to rise and that no cuts are expected.

In the early hours of Thursday, the European Central Bank raised interest rates again and aimed to make at least another increase of the same magnitude for next month, taking into account that the president of the bank, Christine Lagarde, said that the rate cap has not been reached.

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