The price of the dollar in Mexico operates downwards in the early hours of Wednesday, expecting the inflation data of USA that could shed light on the next steps the company might take. Federal Reserve relative to interest rates in the world’s largest economy.
The exchange rate is listed at 18,176 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 financial markets in Latin America closed with gains the day before, expecting the inflation data from USA that could shed light on the next steps the company might take. Federal Reserve relative to interest rates in the world’s largest economy.
According to Reuters Agency, data on consumer price inflation in the United States will be released today, while the Fed will make a decision on interest rates at its monetary policy meeting to be held early of May.
Meanwhile, the dollar index, which compares the US currency against a basket of six major currencies, fell around 0.3%.
Source: Gestion
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