He dollar fell on a Wednesday, as the odds are that Federal Reserve (Fed for its abbreviation in English) raise interest rates next week until the dollar Canadian It hit a one-month high as traders bet that the country would raise rates.
Operators associate a higher probability with the fact that bank of canada raise interest rates later in the day.
In turn, the dollar index, which measures the performance of the dollar against a basket of six currencies, has risen almost 3% over the past month, partly on expectations that the Fed, which meets next week, will keep rates higher for longer. .
The US dollar traded at a one-month low against its Canadian counterpart at around CAD 1.3386.
Against, Mexican peso ended on Tuesday a rally to levels not seen since 2016, driven by appetite for emerging market assets and rising commodity prices, while the stock market had one of its best days of the year.
The local currency traded at $17.3763 per dollar near the end of trading, up 0.46% from the reference price. Reuters Monday.
Solid report on production and export of cars from Mexico, Released earlier in the day, it also strengthened the local currency, which, together with the Colombian peso, performed one of the best performances among Latin American currencies.
The currency, which has risen for four straight sessions, has overcome the technical support of 17.40 pesos to hit a ceiling of 17.3644 pesos per dollar, a level not seen since May 2016 and a high in 2023.
(According to Reuters)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
