The price of dollar in Mexico trades in the early hours of Tuesday on the rise, before a drop in the yields of the Treasury bonds of USAwhile the markets’ attention was focused on the monetary policy meeting of the Federal Reserve next week.
The exchange rate is listed at 17,982 pesos per dollar, according to data from the Bloomberg agency.
The Economic Commission for Latin America and the Caribbean (ECLAC), Together with other international organizations, the growth outlook for Mexico’s GDP for 2023 improved, although it is still far below the federal government’s projection.
According to the new economic projections, this year Mexico would have a growth of 1.5%, with which a deceleration is expected compared to the result of 3.1% of the previous year.
dollar globally
The currencies of Latin America closed mixed the day before, in the midst of a slight global decline in the dollar due to a drop in the yields of the Treasury bonds of USA, while the markets’ attention was focused on the monetary policy meeting of the Federal Reserve next week.
According to the Reuters Agency, the yield on Treasury bonds fell, after data that suggested that inflation and economic activity slowed in March.
Returns have receded since mid-April as investors prepare for the Fed’s policy meeting on May 2-3, at which the US central bank is expected to raise its benchmark rate by 25 points. basic at 5%-5.25%.
Source: Gestion
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