The price of dollar in Mexico trades higher in the early hours of Monday, after an inflation reading of USA raised expectations that the Federal Reserve might have room to reduce the size of its expected interest rate hikes.
The exchange rate is listed at 18,016 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 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
Most of the Latin American currencies closed with losses last Friday, affected by a global rebound in the dollar, with a changing landscape of future interest rate movements in USAin light of data from the largest economy in the world and statements from officials of the Federal Reserve.
The Federal Reserve is on track to raise its benchmark interest rate another quarter of a percentage point in May, according to futures traders, according to Reuters, following comments from an influential US central banker who said higher rates are needed. borrowing costs to fight inflation.
Despite a year of aggressive rate hikes, US central bankers have “not made much progress” in returning inflation to its 2% target and need to raise the cost of credit further, the Federal Reserve governor said. , Christopher Waller.
Source: Gestion
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