The peso appreciated on Tuesday in the first deals of the session, while the market is already beginning to turn its attention to the monetary policy meetings of the Bank of Mexico (Banxico) and the Federal Reserve (Fed) next week.
The peso was trading at 20.1770 per dollar, with a gain of 0.23% compared to the LSEG reference price on Monday.
“Today, the peso recovers ground after the decline observed at the close of the previous session, seeking to consolidate the advance of the previous week, while the markets await the monetary policy meeting of the FED and Banxico next week,” said the Monex brokerage. .
Markets expect both Banxico and the Fed to cut the benchmark interest rate by 25 basis points.
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