The exchange rate fell on Monday due to the appreciation of the peso, recovering part of the ground yielded in the previous six days, while investors focused their attention on the events of monetary policy and economic data in Mexico and the United States this week.
In the morning hours, the dollar price It stood at 20.5826 pesos, showing a decline of 0.36% compared to 20.6580 units of the reference price on Friday, according to Reuters data.
Jorge Gordillo, director of analysis at CI Banco, in a note to clients, said that “the messages provided by the different members of the United States monetary policy committee throughout the week will be essential, highlighting the testimony of Jerome Powell ( president of the Fed) in Congress ”.
The Central Bank of Mexico (Banxico) will hold its monetary policy meeting this week, as well as data on consumption, growth, unemployment and inflation.
In the previous six sessions, the Mexican peso fell almost 5% due to a strengthening of the dollar after a change in the tone of the United States Federal Reserve towards a more restrictive monetary policy.
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