Mexican peso falls after US inflation figure – El Sol de México

He Mexican peso depreciated on Tuesday due to a global strengthening of the dollar after the publication of data from the US inflation which exceeded forecasts, reinforcing expectations that the Federal Reserve (Fed) will keep interest rates unchanged in March.

The domestic currency MXN= was trading at 17.1690 per dollar, with a loss of 0.61 percent compared to the Reuters reference price on Monday, after two consecutive sessions of gains.

“As the price report is not so good, the initial reaction of the markets has been negative, since operators see it as a new impediment for the Fed to begin lowering its reference interest rates,” CIBanco said in a note. of analysis.

At the local level, few relevant economic references are expected during the day, so investors’ attention will be directed to the corporate reporting season for the fourth quarter, in search of signals about the behavior of the second largest economy in America. Latina.

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For the rest of the day, the weight oscillate in a range of 17.09 and 17.25 per dollar, according to analysts from Base Bank.

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