The price of dollar in Mexico trades in the early hours of Thursday to the downside, with investors taking positions in dollars to cover risks before statements by officials of the Federal Reserve and after a data in USA which reinforced the expectation of a new rate increase by the central bank.
The exchange rate is listed at 18,036 pesos per dollar, according to data from the Bloomberg agency.
The Bank of Mexico highlighted that the Mexican economy has shown resilience in the face of a complex external environment, while indicating that the inflationary outlook remains complex and uncertain.
In the minutes of its last monetary policy meeting in which it raised the reference rate to 11.25% by announcing a rise of a quarter of a percentage point, the central institute indicated that although at a moderate pace, the Mexican economy continues to expand.
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Latin American currencies closed the previous day with losses, with investors taking positions in dollars to cover risks before statements by officials of the Federal Reserve and after a data in USA which reinforced the expectation of a new rate increase by the central bank.
According to the Reuters Agency, the demand for dollars increased after the April survey on factory activity in New York rose for the first time in five months.
Traders now believe there is almost a 90% chance the Fed will raise the benchmark cost of money again by 25 basis points at its May 2-3 meeting, after retail sales figures were revised up. in the United States and that consumer inflation expectations will rise on Friday.
Source: Gestion
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