Mexico City. The peso extended its advance against the dollar at the start of the last day of the week, as the currency appreciated 0.53 percent compared to Thursday’s close. The exchange rate stood at 19.3899 units of the local currency for each US currency, a level that translated into a gain of 0.10 cents … Read more
Mexico City. Ahead of the financial report from the world’s largest chipmaker, Nvidia, the exchange rate is correcting at the start of the session on Wednesday. The Mexican currency is trading with an appreciation of 1.49 percent, to operate at around 19.4586 pesos per dollar. It should be remembered that yesterday it closed in the … Read more
Washington. Inflation in the United States remained stable at 2.5 percent in July over the 12 months, and there is growing prospect that the Federal Reserve will cut interest rates in mid-September. PCE inflation, the Fed’s preferred index, nevertheless posted a rebound on a month-over-month basis between June and July, rising to 0.2 percent from … Read more
Washington. Federal Reserve officials were strongly leaning toward a rate cut at their September policy meeting, with several even reportedly willing to immediately lower borrowing costs, according to minutes from the latest meeting. U.S. central bank policymakers kept rates unchanged at the Federal Open Market Committee meeting on July 30-31, but opened the door to … Read more
Jackson Hole. Federal Reserve Chairman Jerome Powell said Friday that “the time has come” for the U.S. central bank to cut interest rates as rising risks to the labor market leave no room for further weakness and inflation is near the Fed’s 2 percent target. This provides explicit support for an imminent easing of monetary … Read more
Mexico City. The peso appreciated 1.81 percent compared to Thursday’s close, as the exchange rate stood at 19.0708 units of the local currency per dollar at the end of the last day of the week, according to data from the Bank of Mexico (BdeM). Analysts at Grupo Monex commented that this behavior is explained by … Read more
Washington. The US financial system grew greater than anticipated within the second quarter of 2024, 2.8 p.c on an annualized foundation, in contrast with 1.4 p.c within the first quarter, based on the primary estimate from the Commerce Division, printed on Thursday. Analysts had anticipated stronger development within the second quarter of the 12 months, … Read more
Mexico Metropolis. Whereas ready for the inflation information in the USA and after the Federal Reserve (Fed) hints that there shall be rate of interest cuts this yr, the greenback is weakening worldwide and the Mexican peso desires so as to add seven periods of positive aspects in opposition to its American counterpart. On the … Read more
Washington. The Federal Reserve is not going to wait till inflation hits its 2 % annual goal earlier than contemplating a price reduce, U.S. central financial institution Chairman Jerome Powell instructed lawmakers Wednesday. “We have stated that we should not look ahead to inflation to go right down to 2 %, as a result of … Read more
Mexico Metropolis. After breaking the 18 per greenback barrier on Monday, the Mexican peso is as soon as once more beneath stress in the direction of 18.0296 items per greenback on the opening of American markets on Tuesday. The depreciation of the Mexican foreign money is according to the beneficial properties that the greenback is … Read more