The price of dollar in Mexico operates in the early hours of Thursday on the rise, with the markets expectant to the negotiations that are carried out in USA to increase the debt ceiling in the world’s largest economy and avoid default.
The exchange rate is listed at 17,809 pesos per dollar, according to data from the Bloomberg agency.
The CEO of BBVA Mexico, Eduardo Osuna, estimated that the mexican economy it could grow at a rate of 2.4% in 2023, driven by the increase in the minimum wage, a strong labor market, dynamism of the industry, reactivation of tourism and strength of exports.
“It must be said that our growth expectation for the year just six months ago was above 1% and today we are changing the growth forecast to 2.4%”, said.
In addition, he pointed out that the new economic growth rate for 2023 would be given by the economic evolution of the first quarter, when the gross domestic product advanced 3.6% on an annualized basis.
dollar globally
The currencies and stock markets of Latin America exhibited a different behavior at the close of Wednesday, in the midst of a global advance of the dollar and with the markets waiting for the negotiations that are carried out in USA to increase the debt ceiling in the world’s largest economy and avoid default.
The US dollar hit a new two-month high against a basket of currencies on Wednesday, buoyed by uncertainty over US debt ceiling negotiations leading to investors to take refuge in safe assets.
The deadlock in debt ceiling negotiations in Washington has helped push the dollar higher, even though it could trigger a default and push the country into recession, as investors see this could spell worse problems for the economy. World economy.
Source: Gestion
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