The price of dollar in Mexico trades higher in the early hours of Tuesday as investors scrutinize US economic data to try to gauge the next monetary policy moves from the Federal Reserve.
The exchange rate is listed at 18,375 pesos per dollar, according to data from the Bloomberg agency.
The Mexican economy grew 3.1% during 2022, compared to 2021 despite the inflationary environment and even exceeded the expectations of various organizations and the Mexican central bank.
By 2022, the Organization for Economic Cooperation and Development (OECD) estimated a growth of 2.5%, while the International Monetary Fund projected a rate of 2.1%.
For its part, the Bank of Mexico was more optimistic by raising its estimate for the growth rate to 2.9% last December.
dollar globally
The Latin American currency and stock markets closed yesterday with a mixed trend, while investors analyze the economic data of USA to try to calibrate the following moves regarding the monetary policy of the Federal Reserve.
According to the Reuters Agency, bets remained on a longer-than-expected monetary tightening, following robust consumer spending and inflation data in the world’s largest economy.
The dollar eased from seven-week highs against a basket of currencies on Monday as investors took advantage of the greenback’s recent rise to consolidate gains, following strong economic data last week and prospects for interest rate hikes.
Source: Gestion
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