Price of the dollar today in Mexico: what is the exchange rate at this Friday, February 24?

The price of dollar in Mexico trades lower in the early hours of Friday as US Treasury returns USA They were lower in a volatile market, as investors have priced in strong economic data that has supported expectations of more interest rate hikes so far this year.

The exchange rate is listed at 18,370 pesos per dollar, according to data from the Bloomberg agency.

The hard data that was reported in January 2023 begins to strengthen a better scenario for the country’s economy, said the economic analyst, Heliodoro Gil Corona.

He also highlighted that the stability of the peso is another positive sign of the Mexican economy, which only sold the dollar at 18.36 on Monday. Mexican pesos.

Lastly, he indicated that the pessimistic view is mainly based on the possible contraction of the United States economy, while the optimistic view is based on the strength of the national macroeconomic framework, the sustained fiscal discipline of the federal government, and the inflow of foreign currency into the country. .

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Global stocks had posted slight gains the day before as strong results from the semiconductor sector were overshadowed by news that the Federal Reserve it would continue raising rates to appease inflation, but taking smaller steps.

According to the Reuters Agency, the returns of the Treasury bonds of USA They were lower in a volatile market, with 10-year bond prices easing back from three-month highs, as investors have already priced in strong economic data that has supported expectations of more interest rate hikes this year.

Yields soared after data showing a tight job market with an unexpected drop in jobless claims and higher-than-expected inflation figures in the Gross Domestic Product report. The 10-year return rose to a new three-month high of 3.978% after the data, but then fell.