The price of dollar in Mexico operates in the early hours of Wednesday to the downside, Amid investor jitters about the challenges facing the Federal Reserve to maintain a contractionary monetary policy for longer than expected.
The exchange rate is listed at 18,302 pesos per dollar, according to data from the Bloomberg agency.
The Mexican economy is showing a slower deceleration than anticipated and an eventual recession, led by its partner United States, could take longer than expected, estimated Monday the Bank of America (BofA).
In a report to its clients, the private institution raised its growth estimate for Mexico’s Gross Domestic Product (GDP) in 2023 to 0.8% from the 0.3% it had previously forecast.
dollar globally
Most of the Latin American markets closed yesterday’s session mixed, but the balance for the month was down, amid investors’ nervousness about the challenges facing the Federal Reserve to maintain a contractionary monetary policy for longer than expected.
According to the Reuters Agency, the preference for safe assets led the dollar to register its first monthly rise since September.
As part of this, the agents analyzed the recent data from the Conference Board group of economic studies on its index of consumer confidence in USA, which showed a reading of 102.9 in February, below expectations.
Source: Gestion
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