The price of dollar in Mexico trades in the early hours of Wednesday to the downside, amid concerns about the economic growth of China affect the demand for raw materials produced by countries in the region.
The exchange rate is listed at 17,212 pesos per dollar, according to data from the Bloomberg agency.
At a general level, 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 Latin America’s currencies and stock markets traded at a loss in the early business hours of the previous day, amid concerns over Latin America’s economic growth. China affect the demand for raw materials produced by countries in the region.
In addition, investors fixed their attention on interventions that will be made during the day by the president of the Federal Reserve of New York, John Williams, and other officials, at a time when better-than-expected housing sector data fueled fears of further interest rate hikes by the central bank.
Source: Gestion
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