The price of the dollar in Mexico operates downward in the early hours of Friday, while the attention of the investors is set on how much interest rates could rise in USA and in Europe, which reduced appetite for risky assets.
The exchange rate is listed at 18.1189 pesos per dollar, according to data from the Bloomberg agency.
Victoria Rodríguez Ceja, Governor of the Bank of Mexico (Banxico), reported that economic growth in 2023 and 2024 will be lower due to a deterioration in the expectations of industrial activity in the United States.
“By 2023, GDP growth is expected to be between 0.8% and 2.4%, with a central estimate of 1.6%”said the Mexican economist during the presentation of the Quarterly Report October-December 2022.
dollar globally
Latin America’s currency and stock markets were trading lower the day before, with investors’ attention focused on how much interest rates could rise in USA and Europe, which reduced appetite for risky assets.
According to the Reuters Agency, the trend of the squares in the region was aligned with that of Wall Street, that dawned in red.
“The data has certainly poured cold water on the disinflation process and markets are very alert to anything that changes the outlook, with some agents concerned about the lack of traction of global monetary policy on inflation.” indicated the firm Acciones y Valores.
Source: Gestion
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