The peso rose for the second day in a row on Thursday and was trading at its best level in almost four and a half years, amid market expectations that the US Federal Reserve would end its aggressive cycle of interest rate hikes this year.

Traders were encouraged by the Fed's decision on Wednesday to raise its benchmark rate by 25 basis points, signaling a slowdown in the pace of increases in the cost of credit to curb inflation.

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The peso was trading at 18.5255 pesos per dollar, with an appreciation of 0.40% compared to the Reuters reference price on Wednesday.

The peso stood earlier in the day at maximums not seen since the beginning of October 2020, helped by a global decline in the dollar and economic figures in the United States that imply an expected cooling of activity.

Consult here: Solili Industrial Report January 2023, demand began the dynamic year and registers 505 thousand m²

"The bias will continue to be bullish, with 18.50 units and 18.40 units per dollar as the most important supports and a threshold of 18.60 pesos per dollar as resistance," Monex said in a note sent to clients.

Investors were now paying attention to the statements of the president of the European Central Bank, Christine Lagarde, after the organization raised its reference rate by 50 basis points, as expected by the market.

In Solili you can consult industrial warehouses available in Tijuana, Monterrey and Saltillo

Original note