He Mexican weight The operations on Monday ended practically unchanged. After a session of lower activity due to the absence of operations in the US markets in a holiday, the local curren dollar.
He exchange rate This session ended at the level of 20,3006 units. Compared to a record of 20,3040 units on Friday, with official data from the Bank of Mexico (Banxico), the movement meant for the weight of an advance of 0.02% lower than a penny.
He dollar price It moved in a range between a maximum of 20,4291 units and a minimum level of 20,2650. He Dollar index (DXY), of the Intercontinental Exchange, which measures the dollar with a basket of six reference currencies, rose 0.01% to 106.72 points.
Fed speeches
Today investors attended the speeches of some officials of the US Federal Reserve, in different public events. Those responsible for monetary policy remained skeptical about the possibility of soon cutting the rate.
The governor of the Fed, Michelle Bowman said that a greater conviction is needed that inflation will continue to fall before the rate returns. The Fed Chief of Philadelphia, Patrick Harker, said that for now he does not see reasons to return the fees.
“Despite the appreciation of the weight, the upward risks continue for the exchange rate, since the risk of the United States can impose general tariffs on Mexico and Canada from March 4,” said the local Banco Base In an analysis note.
Key references
In the week the publication of several key economic references is expected both in Mexico and in the United States, such as the minutes of the most recent monetary policy meetings of the FED and Banco de México, which will help to give a course to La Moneda .
“This week the operators will be attentive to the Monetary Policy Proceedings of the FED and the Banxico, without subtracting the importance of the Trump factor. The range to be observed would be between 20.00 and 20.60 per dollar,” said Juan Carlos Cruz Tapia, author and consultant financial.
