The peso advanced this Thursday due to a global weakening of the dollar, after learning that consumer prices in the United States rose moderately in July, reinforcing expectations that the Federal Reserve (Fed) would not raise interest rates at its next policy meeting. monetary.

Of interest: Industrial construction in the northern region reports outstanding performance over the national average

The peso was trading at 16.9629 per dollar, with a gain of 0.53% against the Reuters reference price on Wednesday.

“With today's report, the bets of investors in the rate futures market are consolidated, that the Fed would leave its interest rate unchanged at the September meeting. The initial reaction of the financial markets is positive, especially those with the highest risk,” said the firm CI Banco, in an analysis note.

Check here: Industrial vacancy in the country continues to decline during 2Q 2023

At the local level, the market is waiting to know the monetary policy decision of the Bank of Mexico (Banxico), in which it is widely expected that it would maintain the referential interest rate at its current maximum record of 11.25%, which it has been since March.

For the rest of the day, the currency is expected to oscillate in a range of 16.89 to 17.09 per dollar, according to Banco Base analysts.

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Original note