Saturday, September 24, 2022
HomeGlobalPeso 'deflates' due to sudden strengthening of the dollar

Peso ‘deflates’ due to sudden strengthening of the dollar

the mexican currency closed with a slight depreciation against the dollar that strengthened in the last minutes of the day, after operators await tomorrow’s inflation data to be able to evaluate the behavior that the Fed’s monetary policy will follow.

The Mexican currency depreciated marginally 0.09 percent when remaining at 20.3575 units per dollar, according to data from the Bank of Mexico (Banxico)

The peso touched a minimum of 20.2742 and a maximum of 20.4383 units per dollar during the day.

“It must be remembered that high inflation and the adoption of more restrictive monetary stances by central banks globally raise the risk of a recession, including in the United States, which is expected to continue raising its interest rate at a rate of 50 points. base in the next announcements”, said Gabriela Siller, director of economic analysis of Banco Base.

at the bank window, the dollar is sold at 20.84 unitsaccording to Citibanamex data.

The Bloomberg dollar index, which measures the strength of the greenback against a basket of 10 currencies, rose 0.21 percent to 1,254.51 points.

For the dollar index (DXY), registered an increase of 0.25 percent to settle at 103,873 points.

The currencies that lost against the dollar are the Russian ruble, with 1.12 percent; the Turkish lira, with 1.09 percent; the Swedish crown, with 0.65 percent; the Israeli shekel, with 0.58 percent and the New Zealand dollar, with 0.56 percent.

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