The price of dollar in Mexico operates downward in the early hours of Wednesday, amid uncertainty regarding the effects that the surprise decision of the OPEC+ to implement a cut in oil production announced over the weekend.
The exchange rate is listed at 18,121 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 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 stock markets closed with losses the previous day, amid uncertainty regarding the effects that the surprise decision of OPEC+ to apply a cut in the production of oil may have on inflation. Petroleum announced over the weekend.
According to Reuters Agency, the US Treasury Secretary, Janet Yellensaid Monday that the cut is an “unconstructive act” that will add uncertainty to the outlook for global growth and burdens on consumers at a time of high inflation.
Investors were also assessing the Institute for Supply Management’s survey of US manufacturing activity on Monday, which plunged to a nearly three-year low in March on falling new orders, and analysts said tightening credit conditions could dampen activity.
Source: Gestion
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