The exchange rate was quoted this morning at 17.3656 pesos per dollar, a depreciation of the Mexican currency of 1.06% compared to Friday’s close recorded by the Bank of Mexico.
The dollar-weighted index gained 0.28%, reaching a maximum since March 7, thanks to the caution generated by the US Reserve’s monetary policy announcement last week.
“The market believes that central banks will keep interest rates high for longer,” says Banco Base. Well, although prices have fallen in the United States and much of the world, there are still inflationary pressures – due to the increase in the price of oil, given the possible shortage of supplies.
During the session, the exchange rate is expected to trade between 17.25 and 17.42 pesos per dollar.