The price of dollar in Mexico operates in the early hours of Wednesday to the downside, after the publication of the minutes of the Federal Reserve American, while the squares of Brazil and Argentina remained inactive due to the celebration of carnivals.
The exchange rate is listed at 18,444 pesos per dollar, according to data from the Bloomberg agency.
In accordance with the expectations of the Mexican Institute of Finance Executives (IMEF), he pointed out that the Mexican economy will have a 2023 marked by economic weakness and the variable that will reflect it will be GDP, whose growth will be 1.2%.
In this sense, José Domingo Figueroa, president of the IMEF, said that the economic prospects for this year continue to be unfavorable in general, and subject to a high degree of uncertainty.
“The beginning of the year has brought economic indicators with a heterogeneous behavior and difficult to interpret clearly, which together with the numerous factors of uncertainty, produce a turbulent economic outlook and cloudy prospects”indicated.
dollar at the regional level
The Latin American markets closed the previous day with falls, on the eve of the publication of the minutes of the Federal Reserve American, while the squares of Brazil and Argentina remained inactive due to the celebration of carnivals.
According to Reuters Agency, the dollar index rose against a basket of currencies, after the publication of several encouraging economic data from US activity, which suggested that the Federal Reserve will maintain higher interest rates for longer.
Precisely, the minutes of the central bank of USA to be released on Wednesday will be key amid investor concern over the rate outlook.
Source: Gestion
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