Price of the dollar today in Mexico: what is the exchange rate at this Thursday, February 23?

The price of the dollar in Mexico operates in the early hours of Thursday on the rise, in a day in which investors digested the messages of the minutes of the most recent meeting of the Federal Reserve.

The exchange rate is listed at 18,369 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.

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Latin American currencies closed yesterday with gains against the dollar, while the region’s stock markets fell in value, while investors digested the messages from the minutes of the most recent meeting of the Federal Reserve.

According to the Reuters Agency, the reports showed that a solid majority of the organism’s authorities agreed in their last meeting on monetary policy to slow down the pace of the central bank’s interest rate hikes to a quarter of a percentage point, but agreed that the risk High inflation was still a “key factor” justifying further rate hikes.

For Ricardo Evangelista, a senior analyst at ActivTrades, if the fears of a shift in favor of the “hawks” (hard-line members within the Fed) are confirmed, it would aggravate the lowering of economic growth expectations, which could further suffer higher oil prices as markets anticipate lower future demand.