Price of the dollar today in Mexico: how much is the exchange rate this Wednesday, March 2

The exchange rate in Mexico it traded higher on Tuesday due to the depreciation of the peso, given the caution of investors who keep their eyes fixed on the situation in Ukraine, while they continue to assess the impact of Western sanctions on Moscow on the global economy.

The , up 0.53% from Tuesday’s Reuters benchmark price.

“The global risk aversion sentiment dominates the markets, so investors have preferred lower risk safe currencies, at the expense of emerging market currencies, including the Mexican”, said the local CI Banco in an analysis note.

Investors are also awaiting testimony from US Federal Reserve Chairman Jerome Powell before the House Financial Services Committee later in the day.

At the local level, the attention of the participants is focused on the disclosure of the quarterly report of Banco de México, in search of updates of its forecasts for inflation and economic growth.