The price of the dollar in Mexico operates in the early hours of Tuesday on the rise, while investors await the testimony during the week that the president of the Federal ReserveJerome Powell, before the US Congress.
The exchange rate is listed at 17,094 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%.
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Most Latin American currencies fell the day before as investors await testimony later in the week from the Federal Reserve Chairman, Jerome Powell.
The US markets remained closed on Monday for the commemoration of Emancipation Day, which limited the actions of the regional markets by being deprived of the main place to carry out currency arbitrage.
“He exchange rate shows a lateral behavior, in the absence of economic indicators and relevant news from the United States”, said the firm Banco Base, in an analysis note.
Source: Gestion
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