The price of the dollar in Mexico operates in the early hours of Tuesday on the rise, in the midst of a global decline in the dollaras energy stocks rallied on a rise in oil prices following a surprise cut in crude output announced by the OPEC+.
The exchange rate is listed at 18,096 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 Latin America’s currencies and stock markets closed with losses the day before, amid a global decline in the dollar, while energy stocks rallied on a rise in oil prices after a surprise output cut. of crude oil announced by OPEC+.
According to Reuters Agency, the dollar fell on Monday, erasing previous gains after the announcement of the OPEC+ of unexpected cuts in oil production, and after data showed a decline in manufacturing and construction spending in USA, another sign of economic slowdown.
Monday’s data added to expectations that the Federal Reserve is nearing the end of its interest rate hike cycle.
Source: Gestion
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.
