The Peso Hits Record High in Seven Years, Amidst Awaited Inflation Figures of US and Central Bank Decisions
The Mexican peso rose to a new record in seven years at 17.2610 per dollar, gaining 0.10% against Friday’s Reuters reference price, previously achieving 17.2360, the highest since May 2016. This appreciation occurs amidst the anticipation of important financial news this week, such as inflation figures in the United States and monetary policy decisions of several central banks, including the Federal Reserve (Fed).
Analysts Weigh In on Potential Currency Fluctuation
Reuters.- Monex Grupo Financiero noted in an analysis note that “the performance of the Mexican currency reflects that investors are operating cautiously, waiting for important information to be published this week”. Although the peso hit a seven-year high, analysts from CI Banco expected the currency to oscillate between 17.15 and 17.60 per dollar throughout the week. Locally, investors also focused on the central bank’s financial stability report. These analyses highlight the current market’s uncertainties and anticipation of crucial financial developments and decisions in the coming days.
Stay on Top of Business News with Forbes Mexico and Google News
Follow Forbes Mexico to stay informed on the latest business and news updates, especially during this critical financial period. Additionally, stay updated with Google News to get the latest news notifications regarding the business and financial world.