The price of dollar in Mexico trades higher in the early hours of Friday, after the US currency reversed initial losses in the international markets after an increase in interest rates by the central banks of Europe, in a day of high volatility.
The exchange rate is listed at 18,587 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.
Latin American currencies closed mixed the day before, after the US currency reversed initial losses in international markets following an increase in interest rates by central banks in Europein a day of high volatility.
According to Reuters Agency, the dollar reversed earlier losses on Thursday after the Federal Reserve of USA It appeared to be on the verge of calling off interest rate hikes, while the Swiss National Bank and the Bank of England went ahead with further hikes.
The fed had raised its benchmark rate 25 basis points on Wednesday, as expected, but abandoned language about the need for “continuous hikes” in favor of “a few more hikes” as he watches faltering confidence in the economy affect the economy. the banks.
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