The Mexican peso this Friday morning was appreciated after two consecutive days of lossesin a market with its sights set on new public interventions by officials of the Federal Reserve (Fed) looking for clues on the future of rates, ahead of its next monetary policy announcement on February 1.
The Aztec currency was trading at 18.9430 per dollar, with a gain of 0.17%, aiming to complete its first week of losses since the start of the year with a cumulative decline of 1%, after having shot up to levels not seen since February 2020.
The appreciation of the peso is due to a market adjustment after the fall of the two previous sessions,” Banco Base said in an analysis note.
On Thursday afternoon, the head of the New York Fed, john williamssaid the US central bank requires more interest rate hikes, although he sees signs that inflationary pressures may be starting to cool from torrid levels.
The participation of the president of the Philadelphia Fed, Patrick Harker, in a forum of a New Jersey banking association was scheduled for this Friday. Comments from Fed Governor Christopher Waller are expected later.
For the rest of the day, the peso is expected to oscillate in a range of 18.86 and 19.0 units per dollar, according to analysts at CI Bank.
