Dollar to pesos exchange rate
The exchange rate quoted this Tuesday at 18.02 pesos per dollar, a slight depreciation of 0.018% compared to Monday’s close. In the last two sessions, it accumulated a cumulative decline of 0.33%, according to the Reuters measurement.
“Powell is likely to send a hawkish message again that interest rate hikes need to continue. It’s even a significant opportunity should he seek to lay the groundwork for further monetary tightening,” said local firm CI Banco in a review note.
“The questions formulated by the senators will also be relevant,” he added.
The official was expected to begin his speech before the Senate Banking Commission on the vicissitudes of monetary policy at 1500 GMT.
On the other hand, the strength of the dollar also derives from a “risk aversion due to the tensions between the United States and China. Overnight, the foreign minister, Qin Gang, said openly that the United States seeks to suppress China in all The aspects, something that was supported by comments by President Xi Jinping, who described the US government’s strategy as containment measures.Unfavorable economic indicators for China were also published, with accumulated exports for January and February falling 6.8% compared to the same period of 2022 and imports falling 10.2%,” said Banco Base.
During the session, the exchange rate is expected to trade between 17.95 and 18.10 pesos per dollar.
Information from Reuters