The price of dollar in Mexico operates in the early hours of Tuesday on the rise, given expectations for higher interest rates in USA, fueled by a series of positive economic data released last week.
The exchange rate is listed at 19.1732 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
The currencies of Latin America depreciated sharply yesterday due to an advance in the dollar in global markets and greater risk aversion, due to expectations of higher interest rates in USA, fueled by a series of positive economic data released last week.
The dollar reached a four-week high against the euro on Monday, according to Reuters Agency, as the spectacular US jobs report released on Friday raised the likelihood that the Federal Reserve will sustain its interest rate hikes for longer. interest to combat inflation.
The euro was down 0.6% against the US currency on Monday at $1.0724, its lowest level since January 9, after falling 1% on Friday. The euro remains close to the 10-month high of US$1.1034 reached last week.
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Source: Gestion
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