The price of dollar in Mexico traded downwards in the early hours of Tuesday, given lower global risk aversion, as concerns about banking cooled in USA.
The exchange rate is listed at 18,336 pesos per dollar, according to data from the Bloomberg agency.
The national leader of the National Chamber of the Transformation Industry (Canacintra), Esperanza Ortega, pointed out that the bankruptcy of US banks (Silicon Valley Bank, Signature Bank and First Republic Bank) will cause uncertainty in the market, since it will mean that the interest rates as already announced by the Federal Reserve from USA
“In the inflationary issue, although it is handled that there is a small drop, this does not mean that we can throw bells on the fly. The last closings of the North American banks impact us and the interest rates have moved”, said.
Latin American currency and stock markets traded higher yesterday, driven by lower global risk aversion as concerns about banking cooled in USA.
According to Reuters Agency, the relief came after the Federal Deposit Insurance Corporation said First Citizens BancShares Inc would take all Silicon Valley Bank deposits and loans from the regulator.
“The prospect of increased support from the US authorities eased some concerns about the troubled regional banking sector,” indicated a note from the brokerage Acciones y Valores.
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.