The price of the dollar in Mexico operates downward in the early hours of Thursday, while markets digested the comments of officials of the Federal Reserve American on monetary policy.
The exchange rate is listed at 17,136 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
Latin American currencies closed higher against the dollar on Wednesday, as they digested comments from officials at the Federal Reserve American on monetary policy.
Earlier, the president of the entity Jerome Powell In testimony prepared for delivery to the House Financial Services Committee, he said anticipating further Fed rate hikes is “a pretty good guess,” also noting that a more moderate rate hike might make sense.
The comments moved away from the most aggressive market expectations and a subsequent fall in the dollar followed.
Source: Gestion
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