The price of dollar in Mexico operates in the early hours of Thursday on the rise, in the midst of a global decline in the dollar after the decision of the Federal Reserve to keep interest rates unchanged.
The exchange rate is listed at 17,142 pesos per dollar, according to data from the Bloomberg agency.
The expectations for the mexican economy have improved, driven by the first quarter result, which was above expectations. National and international organizations expect growth of between 1.5 and 3% for this year.
Of the international organizations, the Organization for Economic Cooperation and Development (OECD) is the one with the highest projection, at 2.6%.
While of the local institutions, the Ministry of Finance and Public Credit (SHCP) is the most optimistic and expects growth of 3%.
dollar globally
Most of the currencies and stock markets in Latin America closed with gains the day before, amid a global decline in the dollar after the decision of the Federal Reserve to keep interest rates unchanged.
The Fed said in its new economic projections that borrowing costs are likely to rise another half percentage point this year, in light of a stronger-than-expected economy and a slower decline in inflation.
In an effort to balance risks to the economy with an unresolved fight to control inflation, “holding the (interest rate) target range stable at this meeting allows the committee to assess more information and its implications for monetary policy.” said the Federal Open Market Committee.
Source: Gestion
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