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Price of the dollar today in Mexico: what is the exchange rate at this Monday, February 20?

Price of the dollar today in Mexico: what is the exchange rate at this Monday, February 20?

The price of the dollar in Mexico operates in the early hours of Monday on the rise, given expectations of further increases in interest rates USAproduct of the solid economic data in that country and declarations of civil servants of the Federal Reserve.

The exchange rate is listed at 18,387 pesos per dollar, according to data from the Bloomberg agency.

According to preliminary data from the Timely Indicator of Economic Activity (IOAE), economic activity in Mexico would have reported growth of 0.4% per month during January 2023, and 2.8% in its annual comparison.

The data released by the National Institute of Statistics and Geography (Inegi) indicates that industrial production would have had an increase of 0.5% in the first month of this year, while the trade and services sector would have done so by 0.3%.

It should be remembered that industry in the country contributes close to 30% to the national GDP, while commerce and services contribute close to 60%.

dollar globally

The currencies of Latin America recovered from an initial fall and closed higher last Friday after a decline in the dollar, while the stock markets registered losses, pressured by expectations of further increases in interest rates of USA, product of the solid economic data in that country and declarations of officials of the Federal Reserve.

According to Reuters Agency, the dollar reached its highest level in six weeks, due to economic data and comments from the Fed authorities, which led traders to bet on further rate hikes.

Data released Thursday showed the number of Americans filing new claims for jobless benefits unexpectedly dropped last week, with monthly producer prices in January posting the biggest rise in seven months.

Source: Gestion

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