The peso operated with losses this Friday and extended the decline of the previous day, in a session marked by concern about the economic outlook and interest rates after a series of restrictive comments from authorities of the Federal Reserve from United States.
The Mexican currency was quoted at 19.4490 units per dollar, with a decrease of 0.21% compared to 19.4070 pesos per greenback of the Reuters reference price on Thursday.
“The Mexican peso ranks fifth among the currencies of emerging countries that show the greatest depreciation against the dollar,” he said. Monex in a note sent to clients.
The Mexican currency extends yesterday’s (Thursday) losses on fears that more restrictive measures by central banks will cause a recession,” he added.
Meanwhile, an analysis of There Banco He said that the exchange rate could fluctuate between 19.36 and 19.52 pesos per dollar.
Boston Fed Bank chief Susan Collins said earlier on Friday that the bank anticipates further interest rate hikes in an attempt to curb inflation, adding that she expects the likely path for monetary policy to be hurt the economy too much.
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