The price of dollar in Mexico trades in the early hours of Wednesday to the downside, as traders hovered between expectations of future rate hikes from the Federal Reserve and recent economic data from China which showed a rebound.
The exchange rate is listed at 18,045 pesos per dollar, according to data from the Bloomberg agency.
During March 2023, the Mexican economy would manage to avoid a fall and record a monthly advance of 0.1%, according to the estimates of the Inegi’s Timely Indicator of Economic Activity (IOAE).
Despite the fact that it would be in positive territory, the national economy would show a significant slowdown compared to previous months.
dollar globally
Latin American stock and currency markets were mixed on Tuesday, as traders moved between expectations of future rate hikes from the Federal Reserve and recent economic data from China which showed a rebound.
According to the Reuters Agency, the currencies showed a disparity in the trend despite the fact that at the beginning of the day the dollar weakened again against its G10 peers, supported in part by the recovery of China and the lower results of the large banks in the United States. Joined.
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
