He Mexican peso operates downward in the early hours of Tuesday, while the dollar shows weakness in a week in which the positions of the Federal Reserve and an economic data in USAkeys to the future of monetary policy.
The exchange rate is listed at 17.9991 pesos per dollar, with a downward variation of 0.03% compared to Monday, according to data from the Bloomberg agency.
This change in the Mexican peso is a correction after reaching its best level in five and a half years and the main stock index S&P/BMV IPC, which is made up of the 35 most liquid companies in the Mexican marketlost half a percentage point to 53,918.82 points.
dollar globally
The Federal Reserve New York on Monday reported a large drop in global supply chain pressures last month, which could point to lower levels of inflation over time.
As reported by Reuters, the New York Fed’s report comes amid a major change in supply chain dynamics as China reopens its economy after prolonged periods of aggressive lockdowns.
Meanwhile, economists and monetary authorities have been debating whether China’s recovery will increase inflationary pressures due to increased economic activity, or reduce them by easing the problems that supply chains have suffered in the last three years.
Likewise, the New York Fed said the latest reduction in supply chain pressures was driven by many factors, but noted that the biggest contribution came from improving delivery times in the European economy, Reuters reported.
Source: Gestion
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