Although the Mexican peso began this Wednesday with losses against the dollar, as the day progressed it managed to recover and have a record of appreciation, favored by a less restrictive stance on the part of the Federal Reserve.

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The Fed kept the federal funds rate unchanged, ranging from 5.25 to 5.50%, the Mexican currency ended at a level of 17.2235 pesos per dollar, according to data reported by the Bank of Mexico (Banxico), which represented a appreciation of 0.48% percent or 8.39 cents, with respect to its closing of electronic operations.

"The market perceives the Fed's statement as not very restrictive, and also Powell's comment that they discussed cutting the interest rate in today's announcement, causing weakness in the dollar and an advance in our national currency," thus This was commented by Gabriela Siller, director of economic analysis at Banco Base.

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At bank windows, the dollar is already sold at a price of 17.65 pesos each, according to data reported by Citibanamex.

In the money market, the yield on the 10-year bond for the United States is 4.01 percent, while the 10-year bond in Mexico remains at a level of 9.59%.

At Solili you can consult industrial warehouses available in Monterrey and Tijuana

Original note