The price of dollar in Mexico operates in the early hours of Wednesday to the downside, in a day in which operators remain attentive to the inflation report for December in USA which will be published later.
The exchange rate is listed at 17,658 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 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
At a global level, the dollar continues to fall as tolerance for the risk assets; expectations that USA will avoid default by reducing purchases of dollars, which is always in demand in times of uncertainty as a safe haven currency.
According to Reuters Agency, the President of the United States, Joe Bidenand House Speaker Kevin McCarthy reached a tentative agreement Saturday to raise the federal government’s debt ceiling to $31.4 trillion, with the goal of preventing the country from defaulting on its debt.
The market expects the deal to provide only short-term relief for markets as concerns about inflation and further rate hikes persist.
Source: Gestion
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