The price of dollar in Mexico trades lower in the early hours of Monday as traders try to weigh the future of monetary policy as economic data comes out in USA and Europe.
The exchange rate is listed at 17,997 pesos per dollar, according to data from the Bloomberg agency.
It should be mentioned that the Mexican coin It has shown a favorable trend against the dollar since December of last year. And it is that the US authorities implemented a series of monetary policy measures to avoid excessive inflation.
In this sense, since December 6, 2022, the price of the Mexican peso has improved against the dollar.
dollar globally
European stocks rose last Friday as risk appetite was boosted by signs of economic recovery in China, even as expectations of interest rate hikes in the European Central Bank they kept the return on public debt at its highest level in years.
Investors are trying to gauge the path of the Federal Reserve’s rate hikes, according to Reuters Agency, after strong US data in recent weeks suggested further rate hikes may be needed.
However, Wall Street closed higher on the eve, in a move that analysts attributed to the president of the fed Atlanta chief Raphael Bostic said the US central bank should stick to “constant” quarter-point rate hikes.
Source: Gestion
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