The price of dollar in Mexico trades slightly higher in the early hours of Friday as global concerns about contagion from last week’s banking turmoil subside.
The exchange rate is listed at 18,101 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
Wall Street It was preparing to join a rally in global stocks, which hit their highest level in three weeks the previous day, buoyed by hopes that the turmoil in the banking sector has ended, as investors move to review their end-of-year positions. quarter.
According to the Reuters Agency, the drop in inflation in Spain and Germany helped public debt in the euro zone.
Markets were also looking for guidance on the path of interest rates in the preferred indicator of inflation of the Federal Reserve, the Personal Consumption Expenditure (PCE) index, due to be released on Friday; and the US Nonfarm Payrolls, due next week.
In addition, the dollar weakened slightly, while crude oil prices rose after the surprise drop in US inventories.
Source: Gestion
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