The price of dollar in Mexico it fell on Wednesday, in line with the currencies of the region and given the weakness of the dollar due to expectations of a slowdown in interest rate increases by the United States Federal Reserve.
The exchange rate is listed at 18,750 pesos per dollar, according to data from the Bloomberg agency.
The mexican economy It moderated its growth rate to 0.4% in the fourth quarter, according to preliminary seasonally adjusted figures released Tuesday by the statistics institute. In all of last year, Latin America’s second-largest economy grew 3%.
READ ALSO: Upward exchange rate: Fundamentals that could bring the dollar back to S/ 4.00
2022 was a good year in terms of growth, but it could have been better if the near shoring opportunity had been fully exploited and if the internal growth engine of gross fixed investment had been used. With this, the Mexican GDP could have grown 4%.
dollar globally
The Latin American currency and stock markets closed yesterday with mixed movements, with agents adjusting their portfolios on the eve of the announcements of the Federal Reserve in terms of monetary policy.
According to the Reuters Agency, the market is leaning for the US central bank to increase its benchmark interest rate by 25 basis points; while on Thursday the turn will be for the European Central Bank (ECB) and the Bank of England (BoE).
“Investors will be watching the tone set by Fed officials for future meetings following ongoing efforts by Chairman Jerome Powell to push back against traders anticipating rate cuts later this year,” a note from the Fed said. Stocks and Securities brokerage, in Bogotá.
READ ALSO: AFP investments are increasingly de-dollarized
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
