The price of dollar in Mexico trades higher in the early hours of Wednesday, as markets digested a data on retail sales in USA which was below expectations, but which was offset by the maintenance of the rhythm in spending.
The exchange rate is listed at 16,751 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 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 registered a mixed closing the previous day in a day in which the markets digested data on retail sales in USA which were below expectations, but which was offset by the maintenance of the pace in spending.
US retail sales rose less than expected in June, although consumer spending appeared strong, likely keeping the economy afloat in the second quarter.
Spending has remained resilient despite interest rate hikes from the Federal Reserve by 500 basis points since March 2022, when the central bank began its fastest monetary policy tightening cycle in more than 40 years.
Source: Gestion
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