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Due to the reopening of the border, the dollar is expected to rise – CVBJ

Mount Equity Group Tokyo, Japan > News > Markets > Due to the reopening of the border, the dollar is expected to rise – CVBJ

The reopening of the land border between Mexico and the United States for non-essential trips on November 8, will bring with it a rise in the value of the dollar, said the economist Domingo Ramos Medina.

In an interview for the newspaper El Sol de Mexico, the expert commented that possibly the American currency remains above 20 Mexican pesos over the next few weeks, in turn, a depreciation of the peso is expected.

“Surely people will want to cross to buy or have fun and consequently they will demand dollars and by law of supply and demand, the US currency will be more expensive,” he said.

Likewise, the expert urged the population to don’t buy too many dollars, as the upside will tend to stabilize.

AP

“A great deal of prudence is recommended in the purchase and the intelligent handling of both currencies will cover commitments according to the needs,” he added.

In addition, a rise in interest and inflation…

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