The Mexican peso refuses to return to the floor of 17 units, after the Federal Reserve announced an increase of 25 base points for the interest rate, the national currency presented gains against the dollar.

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The exchange rate presented an appreciation equivalent to 0.53 percent or 8.93 cents, compared to its last recorded data, since the figures of the Bank of Mexico (Banxico), indicate that the local currency was placed at 16.8396 pesos per dollar.

Rajeev Sharma, managing director of fixed income at Key Private Bank, told Bloomberg that “in our view, the rate hike cycle is over and the Fed will now pause for the rest of the year. The latest market reaction also supports this thesis with yields falling slightly at the front end of the yield curve.”

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The dollar index (dxy), in charge of measuring the strength of the US currency against a basket made up of six currencies from developed countries, presents a decrease of 0.39 percent or 100.95 points.

In Solili you can consult offices and industrial buildings available in Mexico City

Original note