The price of dollar in Mexico operates in the early hours of Thursday to the rise, after comments from officials of the Federal Reserve of the United States on interest rates and positive data from the world’s largest economy that back them up.
The exchange rate is listed at 18.5869 pesos per dollar, according to data from the Bloomberg agency.
The Secretary of Finance and Public Credit, Rogelio Ramírez de la O, pointed out yesterday that a better climate for the Mexican economy is perceived, unlike the expectations that exist in other countries such as Japan or the United States.
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“The climate that is breathed in Mexico today, with everything and the problems that we find in each instance, is a much more positive climate than the one that is breathed in Europe, in Japan, or in the United States. We face problems on our scale, but not outside of our scale, we have no debt, like these other countries above 100% of GDP, we are breathing an environment of hope, of opportunity, and we want to take advantage of it”he said during his participation in the Presentation of Financing Programs Nafin-Bancomext 2023.
dollar globally
Most of Latin America’s currencies posted heavy losses the previous day, pressured by a global advance in the dollar after comments from officials of the Federal Reserve of USA on interest rates and positive data from the world’s leading economy that back them up.
According to Reuters Agency, the dollar rose on Wednesday on stubbornly high inflation data from the United States and aggressive comments on interest rates from Fed officials.
“It’s a reaction to the CPI data, and also to the tone of Fed officials recently,” said Jane Foley, Rabobank’s head of FX strategy. “The market now expects a higher spike in the Fed funds rate than they expected even a week or two ago.”
READ ALSO: Gold falls on dollar strength ahead of US inflation data.
Source: Gestion
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