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The Mexican peso registers little change as it awaits local inflation data and the announcement from Banxico.

Ahead of the release of relevant information for local markets, investors paid attention to comments from Federal Reserve officials.

The Mexican peso ended Wednesday’s trading session with little change. Ahead of the release of relevant economic information for local markets, investors paid attention to comments from the Federal Reserve (Fed).

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The exchange rate concluded the day at 16.8963 units per dollar. Compared to a closing of 16.9035 units yesterday, according to data from the Bank of Mexico (Banxico), the movement represented a marginal gain of 0.04%, less than a cent.


The dollar price traded in a narrow range with a high of 16.9845 pesos and a low of 16.8766 pesos. The Dollar Index (DXY), from the Intercontinental Exchange, which measures the greenback against six currencies, rose by 0.13% to 105.55 units.

Local traders await Mexico’s inflation data for April tomorrow and later in the day, Banxico’s monetary policy decision. Interest rates are expected to remain unchanged at 11 percent.

With no significant economic indicators in the session, investors paid attention to some interventions by Fed officials, seeking clues about the central bank’s course of action in its fight against inflation.
Tomorrow, traders will be attentive to April’s inflation data in Mexico and Banxico’s decision. While no changes are expected, the signals and voting structure will be key.

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Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
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