Mexican peso regains ground against the dollar

The Mexican peso gained ground on Tuesday, closing at 19.65 per dollar, after hitting an intraday high of 19.77. This 0.15% appreciation occurred in an environment of moderate volatility, dominated by investor caution in the face of the latest economic reports issued by the United States Federal Reserve.

Markets are eagerly awaiting the Fed's next decision, expected on Wednesday. According to the CME Group's FedWatch tool, there is only a 2.7% chance of an interest rate cut, suggesting that monetary policy will remain tight.

Investors are awaiting both the Fed's decisions and upcoming inflation data in Mexico, factors that could significantly influence the peso's price.

READ: Mexican Stock Exchange gains in a session with mixed results

Internationally, a climate of unrest persists due to trade tensions fueled by President Trump, who has raised possible renegotiations of the USMCA and criticized government support for the Canadian automotive sector.

Although he has expressed interest in maintaining strong diplomatic relations, his comments have added uncertainty to the global economic outlook. In this scenario, the exchange rate's evolution will depend largely on the announcements made in the United States this Wednesday and the Mexican inflation report scheduled for Thursday.

Where to buy or sell the dollar?

It's recommended to visit places regulated by the authorities to avoid fraud. Also, keep in mind that the exchange rate varies depending on the bank or exchange office, and you should also check the commission they charge.

• Banks: If you are a customer, you can purchase up to four thousand dollars.
• Currency Exchange: The purchase limit is $1,500.
• Online platforms.
• ETFs (Exchange-Traded Funds).

EE