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The dollar price in Mexico it trades lower on Thursday, amid persistent fears that sustained increases in interest rates to deal with inflation could complicate the recovery of the world economy or cause a recession.

The exchange rate ended the session on Wednesday at 20.0464 Mexican pesos per dollar, an advance of 0.38% compared to the reference price of the Bloomberg agency on Tuesday.

What is the price of the dollar today in Mexico?

The US currency was trading lower and the exchange rate is trading at 20.04 pesos per dollar, according to data from the Bloomberg agency.

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What is the Mexican peso?

The Mexican peso is the official currency of Mexico and the fifteenth most traded currency worldwide, as well as the third in the region, below the US dollar and the Canadian dollar.

The Mexican currency was the first to use the ‘$’ sign which was later popularized by the United States with US dollars. Also, since 1993 the abbreviation for the Mexican peso is ‘MXN’.

In Mexico, one peso is equivalent to 100 cents and there are coins of 1, 5, 10 and 20 pesos, as well as bills of 20, 50, 100, 200, 500, and 1,000 pesos.

Why did it close higher?

Regionally, most currencies and stock markets in Latin America fell on Wednesday, amid persistent fears that sustained rises in interest rates to tackle inflation could complicate the recovery of the world economy. or cause a recession.

According to the Reuters agency, the session began with the attention of the markets and investors focused on the testimony of the president of the United States Federal Reserve in the Senate, in search of signs of future monetary policy measures.

The Federal Reserve is “strongly committed” to bringing down inflation, which is at a 40-year high, and policymakers are moving “quickly to do so,” US central bank chief Jerome said on Wednesday. Powell.

“It is essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit everyone,” Powell said in a speech prepared for a hearing before the US Senate Banking Committee.

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.