Weight opens with slight drop; outlines weekly decline in the face of persistent inflationary pressures

The peso showed little change this Friday morning but was outlining a weekly decline amid global concerns over lingering inflationary pressures.

The Mexican coin traded at 20.6388 units per dollar, with a loss of 0.03% compared to 20.6328 pesos per greenback of the Reuters reference price on Thursday. During international operations, the peso depreciated to 20,7173 units.

The dollar was heading towards its best weekly performance in nearly five months, after data released this week showed the highest inflation in the United States in three decades and prompted investors to bet on a Fed rate hike in mid-March. 2022.

At the local level, Bank of Mexico on Thursday raised its interest rate benchmark for the fourth time in a row in a split decision of the governing board, to bring it to 5%, and raised its expectations for inflation at the end of this year.

Markets digest “high inflation figures in the world and the challenge they represent for monetary policy and for the recovery,” he said. Banorte in a report.

Weight has lost 3.7 percent so far this year.