The price of dollar in Mexico It operates downward in the early hours of Tuesday, while the bulk of the stock markets rose the day before, at the start of a week in which the markets’ attention will be focused on inflation figures in USA.
The exchange rate is listed at 18,160 pesos per dollar, according to data from the Bloomberg agency.
The Mexican economy slowed its growth rate in the fourth quarter, although it advanced slightly above what had been previously estimated, expanding by 3.1% in all of 2022.
The Gross Domestic Product (GDP) grew by 0.5% compared to the July-September period, when it registered an advance of 0.9%, according to seasonally adjusted figures released by the statistics institute, Inegi.
dollar globally
A measure of global stocks rose on Thursday, while US Treasury yields USA and the dollar fell after an inflation reading raised expectations that the Federal Reserve it may have room to reduce the size of its expected interest rate hikes.
In December, consumer prices fell unexpectedly for the first time in more than two and a half years, due to lower prices for gasoline and other goods, suggesting that inflation is on a downward trend.
On the other hand, initial claims for jobless benefits fell to 205,000 in the last week, below the 215,000 expected. Many market participants look for signs of weakness in the labor market as a key sign of slowing inflation.
Source: Gestion
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