The price of dollar in Mexico operates in the early hours of Wednesday to the downside, while the markets are still digesting the inflation data in USA that it was within expectations and that it increased the probability that the Federal Reserve will adopt a less restrictive monetary policy.
The exchange rate is listed at 18,513 pesos per dollar, according to data from the Bloomberg agency.
The Mexican peso appreciated yesterday, while the stock market fell, after a volatile day marked by a much-anticipated inflation report in the United States that showed that the consumer price index slowed again in January, although less than what was planned.
READ ALSO: Banking earned S/ 2,500 million due to exchange rate volatility in 2022
In the debt market, the primary rate of the 28-day Cete benchmark rose to levels not seen since May 2001 in the weekly government debt auction, after the Bank of Mexico raised its key interest rate last week above than anticipated.
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Latin American currencies and stock markets were mixed the day before, as markets were still digesting US inflation data, which was within expectations and increased the likelihood that the Federal Reserve will adopt a less restrictive monetary policy. .
According to Reuters Agency, the US CPI rose 0.5% month-on-month in January, as the market expected, the Labor Department said on Tuesday.
The data caused the dollar to fall to its lowest level in almost two weeks, since despite the fact that there was a rise in prices compared to the previous month, they registered the smallest annual advance since October 2021.
READ ALSO: Gold falls on dollar strength ahead of US inflation data.
Source: Gestion
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