dollar to peso exchange rate
The exchange rate was quoted at 17.6530 pesos per dollar on the morning of this Wednesdaywith a gain of 0.59% compared to the closing price of Tuesday registered by the Bank of Mexico, although shortly before it reached 17.5960 per dollar, a level not seen since August 25, 2017.
“We estimate that the latest reading of the inflation figures in the United States supports the expectation of an upcoming monetary policy from the Fed, which in turn favored the appetite for risk,” said Grupo Financiero Ve por Más in an analysis note. .
Even so, investors’ minds weighed on the growing uncertainty over the US debt ceiling, after President Joe Biden and lawmakers failed to make progress in talks on Tuesdaya few weeks before the Government may be forced into an unprecedented default.
For the rest of the day, the peso was expected to oscillate in a range of 17.58 to 17.76 per dollar, according to analysts from the firm Banco Base.