The price of the dollar in Mexico operates in the early hours of Tuesday to the downside, in the midst of a global advance of the dollar and expectations of an increase in interest rates USA at the monetary policy meeting of the Federal Reserve this week, in light of the latest data from the world’s largest economy.
The exchange rate is listed at 17,939 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
The currencies and stock markets of Latin America closed uneven last Friday, in the midst of a global advance of the dollar and expectations of an increase in interest rates of USA at the Federal Reserve’s monetary policy meeting next week, in light of the latest data from the world’s largest economy.
According to Reuters Agency, US consumer spending was unchanged in March and underlying inflationary pressures remained strong, which could cause the fed raise interest rates again in May.
The Commerce Department reported Friday that consumer spending was unchanged last month, after a downwardly revised 0.1% increase in February.
Source: Gestion
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