Mexico City. High interest rates for longer continue to resonate through the markets. Pending new announcements and new reactions to geopolitical events, the dollar resumes its gains this Thursday. At the opening of the American markets, the Mexican peso operates with a depreciation against its US counterpart of 0.51 percent, to operate at around 17.0414 … Read more
Mexico City. The Mexican peso depreciated this Friday for the fourth consecutive day in the face of a global strengthening of the dollar, due to growing expectations that the Federal Reserve (Fed) could extend its restrictive monetary policy. The domestic currency MXN= was trading at 16.6162 per dollar, with a loss of 1.11 percent compared … Read more
Mexico City. The peso concluded the last day of the week at 16.46 units per dollar, its best level since November 2015. Throughout the week, the Mexican currency had a gain of one percent, since at the close of Monday the exchange rate reported by the Bank of Mexico (BdeM) ended the exchange session at … Read more
Washington. Federal Reserve Chairman Jerome Powell reiterated this Wednesday that the US central bank has time to deliberate on its first interest rate cut given the strength of the economy and recent inflation readings. “Recent data on job growth and inflation have been stronger than expected,” Powell said in remarks prepared for a meeting at … Read more
Mexico City. Awaiting the most anticipated publication of the week, the official United States employment report for March, the dollar maintains its weakness and the increase in oil prices takes a truce. At the opening of the American markets, the Mexican peso extends its strength against its US counterpart, appreciating 0.11 percent to operate at … Read more