The peso had its best level against the dollar since October 15, in the midst of the new offensive of President Donald Trump against the president of the Federal Reserve, Jerome Powell.
The exchange rate closed in 19,7141 pesos per dollar, an appreciation for the national currency of 1.24% compared to the previous session, according to Banxico data.
On the other hand, the Reuters agency reported that the dollar fell on Monday to its lowest level in three years because the confidence of investors in the US economy suffered another blow through Trump’s attacks on Powell, which could endanger the independence of the Central Bank.
The Republican intensified his criticism by calling Jerome Powell “a great loser” and when demanding that interest rates in the US leave immediately.
The Economic Advisor of the White House, Kevin Hassett, said Friday that the president and his team continued to study if they could fire Powell, just one day after Trump said that the dismissal of the central banker “cannot come quickly enough” while asking for the Fed to cut the rates.
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The commercial activity was scarce, since most European markets, as well as those of Australia and Hong Kong, closed on Easter Monday.
Most worldwide markets closed on Friday because they are festive.
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