Fed Reserve Raises Interest Rate and Mexican Peso Depreciates
7 Articles
7 Articles
Felipe Mendoza, market analyst EBC Financial Group, said the exchange rate could close this week in a range of between 17.08 and 17.28 pesos per dollar.
The Federal Open Market Committee noted that economic activity maintains a strong pace, with resilience in domestic spending
Dollar Price: The Mexican peso falls against the dollar after the rise in rates... The charge Dollar Price: The Mexican peso falls against the dollar after the Fed's rise in rates and geopolitical tensions appeared first in the Political Chain.
The national currency registered on Thursday its third consecutive day down against the dollar, pressured by the recent increase in the interest rates of the Federal Reserve and expectations of new restrictive measures for the rest of the year.
The Mexican peso recedes against the dollar, while investors await Japan’s monetary policy announcement. The publication Mexican Peso loses against the dollar after the Fed’s rising interest rate first appeared in the CEO.
The exchange rate stands at 17.25 pesos per dollar, thus losing the Mexican currency 0.58 percent, or 10 cents, compared to its US pair.
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