The price of dollar in Mexico trades higher in the early hours of Wednesday, as renewed investor appetite for risky assets caused the dollar to fall slightly, as attention focused on the start of the Federal Reserve’s monetary policy meeting. USA.
The exchange rate is listed at 18,623 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
Most of the Latin American markets closed higher the previous day, helped by renewed investor appetite for risky assets that caused the dollar to fall slightly, as attention focused on the start of the monetary policy meeting in the Federal Reserve from United States.
According to Reuters Agency, the dollar stabilized and the pound sterling fell on Tuesday, as traders believed that the tension in the banking sector would prevent the Fed and the bank of england raise rates much more this week.
Investors remain concerned about the fate of the banking sector after shares in US lender First Republic plunged nearly 50% on Monday amid fears it needs a second bailout.
Source: Gestion
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