The Mexican peso extended gains to a session high after the US Federal Reserve said the economy and jobs continue to strengthen, pointing to a rise in interest rates in September.
The Mexican peso extended gains on Wednesday to a session high after the US Federal Reserve (Fed, for its acronym in English) said the economy and continue to strengthen employment, pointing to a rise in interest rates in September.
The local currency appreciated 0.67 to an intraday high of 16.1645 per dollar, compared to the reference price of 16,274 pesos Reuters Tuesday .
The US economy and the labor market continue will strengthen, said Wednesday the Federal Reserve leaving the door open to a possible rate hike when officials of the US central bank will meet again in September.
The dollar started the day on Tuesday at a new high of 16.3080 pesos, with a gain of 0.14% against the Mexican peso, spinning five days of consecutive increases.
mac
No comments:
Post a Comment