The price of dollar in Mexico trades in the early hours of Thursday on the downside, after an inflation reading of USA raised expectations that the Federal Reserve it may have room to reduce the size of its expected interest rate hikes.
The exchange rate is listed at 18,068 pesos per dollar, according to data from the Bloomberg agency.
The International Monetary Fund (IMF) It slightly adjusted its growth expectation for Mexico’s GDP for this year to 1.8%, from the 1.7% estimated in January.
However, for 2024 it kept its estimate unchanged at 1.6%, according to the World Economic Outlook (WEO) report released last Tuesday.
The direction of expectations about the mexican economy It contrasts with those of the activity worldwide, since the agency cut its estimate to 2.8%, from 2.9% for this 2023; while by 2024 it went to 3% by , from 3.1%.
dollar globally
Most of the Latin American currency and stock markets were trading with gains the previous day, amid a global pullback of the dollar after the expected inflation figures in USA which were below market expectations.
According to Reuters Agency, the dollar fell sharply on Wednesday, after learning that consumer prices in the United States rose less than expected in March, raising expectations that the Federal Reserve stop raising interest rates after a possible hike in May.
US consumer prices barely rose in March amid declining gasoline prices, but stubbornly high rents kept underlying inflationary pressures simmering, likely ensuring the Federal Reserve will raise interest rates again next month. coming.
Source: Gestion
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