Price of the dollar today in Mexico: what is the exchange rate at this Thursday, May 18?

The price of dollar in Mexico operates in the early hours of Thursday to the downside, given a lower appetite of investors for the risk assets, while the markets followed the development of the negotiations to extend the US debt limit.

The exchange rate is listed at 17,601 pesos per dollar, according to data from the Bloomberg agency.

The economist for Mexico and Central America at JP Morgan, Gabriel Lozano, projected that the Mexican economy could achieve growth of 2.5%, a figure that could be even higher if Foreign Direct Investment (FDI) continues to strengthen.

Along these lines, Lozano maintained that now the private investment is significantly underpinning economic growth.

dollar globally

The currencies of Latin America recorded a mixed close the previous day, in a context of global advance of the dollar and a decreased appetite investors by risky assets, while the markets followed the development of the negotiations to extend the US debt limit.

According to Reuters Agency, the dollar rose on Wednesday, benefiting from its safe-haven status against the risk of a US default, and because traders reduced bets on a cut in interest rates from the Federal Reserve in the near term after strong US consumer spending data.

The American president, Joe Biden, and House Speaker Kevin McCarthy, a Republican, have come close to an agreement to raise the country’s debt ceiling, but have not yet finalized it.