MEXICO CITY (apro).- The Mexican currency recovered on Wednesday at 19.90 per dollar, after which it continued to gain ground during the early hours of the morning.
On this day, the local currency moves in a minimum range of 19.7454 and a maximum of 20.153.
The Mexican peso has suffered a strong depreciation in recent days, due to the approval of the Judicial Reform in the Chamber of Deputies, to the point of surpassing the barrier of 20 pesos. But after the approval of the amendment, during the early hours of this Wednesday, the local currency continues to gain ground.
The position of the national currency in international markets improved due to the weakening of the dollar, following the publication of inflation data in the United States. According to the Federal Reserve, the consumer price index (CPI) in that country increased by 0.2% in August, while the annual rate was 2.5% in the same month.
While inflation has eased, food and energy prices remain volatile at 3.2%, according to data released Wednesday by the Bureau of Labor Statistics (BLS).
For now, the Federal Reserve is expected to begin cutting interest rates when it meets on September 18.
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2024-09-13 21:24:18