The price of dollar in Mexico It operates in the early hours of Tuesday at a low rate, given concerns about a possible contagion after the fall of Silicon Valley Bank and after the acquisition of Credit Suisse by UBS did not calm the nerves of the market.
The exchange rate is listed at 18.8118 pesos per dollar, according to data from the Bloomberg agency.
It is worth mentioning that the Mexican currency has shown a favorable trend against the dollar since December of last year. And it is that the US authorities implemented a series of measures in terms of monetary policy to avoid excessive inflation.
In this sense, since December 6, 2022, the price of the Mexican peso has improved against the dollar.
dollar globally
Most of Latin America’s currencies closed higher yesterday, amid a global decline in the dollar, although concerns continued about a possible contagion after the fall of Silicon Valley Bank and after the acquisition of Credit Suisse by UBS did not calm the nerves of the market.
According to Reuters Agency, UBS agreed to buy Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and take up to $5.4 billion in losses, in a lightning merger engineered by Swiss authorities.
“The global picture worsened. Added to high inflation are now the instability of the American financial system and the threat of a new global financial crisis,” said Martín Polo of clearing and settlement agent Cohen.
Source: Gestion
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