The price of dollar in Mexico trades slightly higher in the early hours of Thursday, despite an increase in investor appetite for risky assets, after the president of the Federal Reserve of USAJerome Powell will take a relatively dovish tone on monetary policy.
The exchange rate is listed at 18.9438 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 regarding 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 and stock markets of Latin America operated unevenly yesterday, despite an increase in investor appetite for risky assets, after the day before the president of the United States Federal Reserve, Jerome Powellwill show a relatively dovish tone on monetary policy.
Powell said last Tuesday that the latest US jobs report shows that the process of bringing inflation back closer to the 2% target will take “quite some time,” although there are signs that cost pressures are easing, at least for the future. the goods.
According to Reuters Agency, the nonfarm payrolls report for January, released on Friday, was “certainly stronger than anyone I know expected,” Powell said during a question-and-answer session at the Economic Club of Washington.
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Source: Gestion
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