Exchange rate today
At the beginning of this Tuesday, the exchange rate was trading at 18.0594 pesos per dollar, with a decline of 1.05% compared to the Reuters reference price on Monday.
“Solid retail sales data in the United States would suggest greater pressure on the Fed to control inflation,” said analysts from the firm Ve Por Más.
The same research note also noted that some of the investor aversion could be offset by a “lax tone” in statements from Fed officials and some positive corporate results.
Conflict in Israel increases risk aversion
In addition to the economic data, with US retail sales increasing 0.7% in September, attention remains focused on the evolution of the conflict in the Middle East and the reporting season.
According to an analysis note from Banco Base, “the market fears that the land offensive by Israel (in the Gaza Strip) will trigger a larger conflict, which could put supply chains, oil production at risk , economic growth and financial stability”.
During the session, the exchange rate is expected to trade between 18.01 and 18.22 pesos per dollar.
With information from Reuters.