Another factor that marked the money market was that the dollar remained strong and reached its highest level since March 10, given speculation that the Federal Reserve could raise interest rates again and maintain a monetary stance. restricted for a long period of time.
Garbriela Siller, director of economic analysis at Banco Base, explained that an additional factor that intervened this Thursday were the signs of economic weakness in other parts of the world, in addition to the fact that economic growth in the second quarter was revised downwards in the Eurozone. , which further boosted the dollar.
For their part, OctaFX analysts pointed out that going forward, according to the recent evolution of both the economies of Mexico and the United States, there is a possible trend for the dollar to register more gains.
“It would face a strong resistance level at 18.00 units. Any hawkish monetary policy surprise from the Fed and the presidential elections in Mexico next year will be factors that could impact the price of the pair “, they added in their report.
With information from Reuters