Mexican Beso reached its strong position against the US dollar this morning, praised more than 20 Green Pack.
Beso reinforced the dollar to 20.05 before the city was weakened to trade at Green Pack at 1 pm at 1 pm on the city of Mexico. According to Yahoo Fund.
20.05 exchange rate indicates 0.6% compliments to Peso compared to the final position on Wednesday 20.18, According to the Bank of Mexico.
Although the praise of the Thursday morning Improves 25% of the fees in the importation of steel and aluminum from Mexico And all other countries on Wednesday.
On March 4, Peso was rated for $ 21 25% of the US fees were implemented in all Mexican exports. Most of those charges Raised after two days.
Thursday, Peso appreciated US manufacturer priced code shows that the total price hike in the United States has declined significantly in February. The United States Federal Reserve has reported that the data “strengthening challenges” will soon reduce interest rates than expected.
However, it is unlikely that the central bank will reduce the federal financial rate after its monetary policy meeting in next week or May. Reuters reported Thursday Traders are betting on rebooting interest rate cuts in June.
Mexican Peso benefits from the difference between interest rates and interest rates in the United States, but the gap is closed due to the relaxation of Mexico’s latest monetary policy, including the relaxation of Mexico, including the interest rates in the United States 50-base-point cut to its main rate last month.
Although Beso reached its strong position this year, it was much more weak than a year ago.
Last April, Peso reached the dollar for nearly nine years of 16.30 The Mexican currency, which has experienced after the 2024 elections of Mexico, is now a distant memory, considering the approval of a controversial judicial reform, the victory of Donald Trump in the US presidential election, and the subsequent tuition threats to the southern neighbors of the United States.
Beso becomes unstable as America – Mexico’s largest trading partner – A protective “United States” adopts its neighbors and trade relations with its neighbors and countries around the world.
With reports from Economist
(Tagstotranslate) dollar-peso
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