The dollar has slight gains over the Mexican peso during the morning of this Friday; however, the Mexican currency is below $20 and at times during the session, it gains ground on the US currency.
The volatility of the dollar is due to the situation of USA with respect to annualized inflation, an indicator that registered its highest level in more than 40 years as a consequence of rising fuel and food prices, the war in Ukraine and sanctions once morest Russia.
Last Tuesday, the Department of Labor’s Bureau of Labor Statistics announced that the year-on-year rate of inflation in the United States soared in March to 8.5%. Last month’s report is the first to cover the impact of the conflict between Russia and Ukraine, as well as Western sanctions once morest Moscow, which have triggered a spike in fuel and food prices around the world.
In United States, prices rose 1.2% in a month. The price of gasoline alone soared 18.3% compared to February, representing regarding half of inflation, according to the report.
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Price of the dollar today, April 15: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…
In accordance with Investing.comone of the world’s leading financial websites, this is the exchange rate in Mexico, Honduras, Guatemala, Nicaragua and Costa Rica, this Friday, April 15, at 11:40 am ET.