The price of dollar in Mexico trades higher in the early hours of Thursday, amid persistent concerns about the health of the economy of China and after the minutes of the last meeting of the Federal Reserve show that the authorities were divided on whether to continue raising rates.
The exchange rate is listed at 17,146 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.
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Most of Latin America’s currencies fell the day before, amid lingering concerns about the health of the Latin American economy. China and after the minutes of the last meeting of the Federal Reserve show that the authorities were divided on whether to continue raising rates.
China will strengthen coordination of various policies to boost growth and meet this year’s economic target, according to a cabinet meeting cited by state media. The meeting comes amid the country’s mounting economic woes, with a protracted housing crisis, deflationary pressures and slower growth in retail sales and industrial production.
In addition, Federal Reserve officials were divided on the need for further interest rate hikes at the central bank’s July 25-26 meeting, according to session minutes released Wednesday.
Source: Gestion
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