He mexican peso And the Mexican Stock Exchange gained strength on Wednesday federal Reserve It kept interest rates unchanged, so the dollar price today, March 20, 2024, closed at 16.67 units for each greenback; Know what is here Exchange rates in Mexican banks,
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Locally, all eyes are on Thursday’s monetary policy announcement Bank of Mexico, That’s when the Governing Board is expected to opt to reduce the cost of credit for the first time since its restrictive cycle began in mid-2021.
Mexican peso expires 16.6733 per dollarIt appreciated 0.77% on Tuesday compared with a Reuters reference price, although it fell 0.35% in the morning.
“We can say that the peso’s behavior was driven by the weakening of the dollar, due to optimism after the FOMC meeting,” Monex Grupo Financiero said in an analysis note.
“Overnight, we expect it to hover around a potential level of 16.68 by the time the Banxico meeting is held tomorrow,” he said.
The benchmark S&P/BMV IPC .MXX stock index jumped 1.93% to 56,618.01 points, its best session since mid-December.
value of Dollars in Mexican Banks Today March 20, 2024* Closes on:
*Exchange rate at 5:00 pm.
With information from Reuters
VJCM/CEM
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