Mexico: What is the price of the dollar today, Monday, January 17, 2022?

The price of the dollar in Mexico appreciated on Monday due to growing expectations of a tightening of monetary policy by the Federal Reserve (Fed) of the United States, in a session that was anticipated to have low volume due to a holiday in that country.

The exchange rate was quoted at 20.3104 Mexican pesos per dollar, up 0.10% from Friday’s Reuters benchmark price, when it fell to its lowest level since early November.

“For the time being, the currency continues to dodge well on speculation that the Fed would most likely have to raise its interest rate as early as March to deal with inflationary pressures as well as uncertainty around the pandemic.”said the local CI Bank in an analysis note.

According to an ILO report, the global labor market will take longer to recover than previously thought, and unemployment levels will remain above pre-pandemic levels until at least 2023, due to uncertainty about its course and duration. .

For the rest of the day, it is expected that the Mexican peso oscillate in a range of 20.29 to 20.41 per dollar, according to analysts at Banco Base.

In the United States, financial markets were closed on Monday for the Martin Luther King holiday.

For its part, the Mexican stock market advanced on Monday, in the first negotiations of a day that was anticipated to be of little activity due to the closing of the US market, where the Martin Luther King holiday is commemorated.

The benchmark S&P/BMV IPC index, which groups the 35 most traded stocks in the domestic market, rose 0.42% to 53,971.63 points, at 8:45 local time (14:45 GMT), extending the gains recorded The last week.