The price of dollar in Mexico trades higher in the early hours of Friday as investors continue to digest the latest comments from authorities at the US Federal Reserve (fed).
The exchange rate is listed at 18,790 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 currencies closed with gains the day before, favored by a decline in the dollar in global markets, as investors continue to absorb the latest comments from authorities at the Federal Reserve of USA (Fed).
According to Reuters Agency, the US dollar was in the middle of its recent trading band against major currencies, awaiting crucial US consumer inflation data to be released next week.
Moving towards a benchmark rate of between 5.00% and 5.25% “seems like a very reasonable view of what we’ll need to do this year to reduce supply-demand imbalances,” the New York Fed president said. , John Williams, at a Wall Street Journal event.
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Source: Gestion
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