Price of the dollar today in Mexico: how much is the exchange rate this Tuesday, February 8

The exchange rate in Mexico it operated on Tuesday on the rise, while investors kept their attention on inflation reports that will be published this week both in the Aztec country and in the United States, and on the monetary policy scenarios.

The , up 0.02% from Monday’s Reuters benchmark price.

In earlier international operations, the peso depreciated to 20.6814 units.

Meanwhile, the dollar strengthened on expectations that the Federal Reserve will be aggressive in normalizing its monetary policy, analysts said.

Mexico’s headline inflation would have slowed in January in its year-on-year measurement, according to a Reuters survey, but it continues to far exceed the official target of 3%, while core inflation would have climbed to its highest level in more than two decades.

The local inflation data will be published on Wednesday, one day before the Bank of Mexico’s monetary policy announcement, in which the benchmark interest rate is expected to rise for the sixth time in a row.

Meanwhile, US inflation for January will also be released this week and if they are high they could further boost the Fed’s plan to raise interest rates. The market is currently considering more than five hikes for 2022, starting in March.

“The market continues to adjust to the new monetary scenario that has opened in 2022, marked by a likely tougher monetary policy by the Federal Reserve to contain prices”, CI Banco said in a report.

“The market is very sensitive to any figure that could lead the Fed to reduce monetary support more quickly”, he added.