Mexico: What is the price of the dollar today, Thursday, January 13, 2022?

The price of the dollar in Mexico rose this Thursday after reaching its best level in two months the day before, amid growing expectations that the Federal Reserve (Fed) of the United States will begin to raise interest rates from March.

The exchange rate was quoted at 20.3640 Mexican pesos per dollar, up 0.15% compared to the Reuters reference price on Wednesday, when it advanced to 20.3020 units, a level not seen since November 10.

“Traders continue to adjust their portfolios, in a context of high inflation and greater monetary tightening by the Federal Reserve to contain prices“CI Banco analysts said in a report.

Philadelphia Fed Chairman Patrick Harker said Thursday that the Federal Reserve could start raising interest rates from their current near-zero level in March and may have to increase credit costs throughout this period. year to help curb inflation.

The dollar continued to trade lower, hovering around two-month lows, after the month-on-month inflation rate in the United States turned out to be less robust than expected, prompting investors to cut their long positions in the currency.

Stock markets in the region rose in line with major Wall Street indices that opened higher after weaker-than-expected producer price data eased concerns about a faster pace of interest rate hikes by the Federal Reserve.