The Mexican peso and inventory market declined on Wednesday following considerations about rising inflation expressed in minutes from the Federal Reserve assembly. As a end result, the greenback closed at 16.66 items for every buck on May 22, 2024. Investors are additionally eagerly awaiting inflation and GDP figures, in addition to insights from the Bank of Mexico, to anticipate future financial coverage strikes.
The native foreign money was quoted at 16.6608 per greenback, marking a 0.25% depreciation in comparison with yesterday. The benchmark inventory index S&P/BMV IPC additionally fell by 0.58% to 56,432.03 factors.
The alternate charge for the greenback at varied Mexican banks on May 22, 2024, was as follows:
– BBVA Mexico: 15.79 pesos for buy and 16.94 pesos on the market
– Citibanamex: 16.13 pesos for buy and 17.11 pesos on the market
– Azteca Bank: 15.80 pesos for buy and 17.39 pesos on the market
– Banorte: 15.45 pesos for buy and 16.85 pesos on the market
– Affirm Bank: 15.70 pesos for buy and 17.20 pesos on the market
– Scotiabank: 14.60 pesos for buy and 17.80 pesos on the market
– Inbursa: 16.40 pesos for buy and 18.00 pesos on the market
These charges have been recorded at 4:10 p.m. with data sourced from Reuters.