After a streak of rising prices, the US dollar started the day with losses.
american currency registers a slight downward trend once morest various emerging currencies, including the Mexican peso. Currently, the market is pending the release of inflation and monetary policy data from the United States.
Said data, which will be published between today Tuesday and tomorrow Wednesday, will determine the direction of the economy in the coming days, as a more restrictive monetary policy might strengthen the US currency.
“I’m a little worried regarding tomorrow’s inflation. The market has been on the wrong foot all year and if we get a strong core inflation data, that will meet expectations for a 75bp rate hike. in September”, said Kenneth Broux, currency strategist at Societe Generalefor Investing.com.
In addition to the American Union, Mexico will also release its inflation data, which, in the same way, will offer new signals to consider for Banxico in its next monetary policy meeting, which will take place on Thursday, August 11.
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