The price of dollar in Mexico operates in the early hours of Thursday to the downside, after data from inflation lower than expected in USA created new expectations around the monetary policy of the largest economy in the world.
The exchange rate is listed at 16,900 pesos per dollar, according to data from the Bloomberg agency.
Analysts point out that inflation in Mexico it has consolidated its deceleration trend so far in 2023. After last year reaching historical levels in the last 20 years, the indicators of consumer confidence and business confidence are beginning to show optimism.
dollar globally
The Latin American markets closed the previous day with notable gains and some of the currencies touched maximums of several years, after lower-than-expected inflation data in USA created new expectations around the monetary policy of the largest economy in the world.
The new outlook scenario triggered dollar asset selloffs, driving the greenback to new two-month lows.
Consumer prices in the United States registered their lowest annual rise in more than two years in June, a figure that, although it would not affect expectations that the Federal Reserve increase its interest rates at the end of this month, it did deflate the vision of further monetary tightening in the future.
Source: Gestion
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