Price of the dollar today in Mexico: Know the exchange rate today, Sunday, February 13

The exchange rate In Mexico, it was trading lower after inflation data from the United States beat expectations, which would reinforce bets that the Federal Reserve will raise interest rates several times this year starting in March.

The , a 0.57% decline from Thursday’s Reuters benchmark price.

Banco de México (Banxico) raised the key rate on Thursday by 50 basis points, to 6%, as expected by the vast majority of the market, and revised upwards its inflation projections, which remained high in January, especially the core one. , which accelerated to its highest level since September 2001.

“The appreciation of the peso is due to the expectation that Banco de México will probably continue to raise its interest rate at the rate necessary to avoid contaminating inflation expectations.”, said Gabriela Siller, director of economic analysis of the local financial group Base.

Meanwhile, US consumer price data for January beat expectations, reinforcing bets that the Federal Reserve will raise the cost of credit several times this year starting in March.

On the other hand, early Friday it was known that Mexico’s industrial activity rose 1.2% in December against the previous month and grew 3% year-on-year.