The price of dollar in Mexico It operates in the early hours of Wednesday on the rise, while the markets analyzed data from the US economy, in search of clues about the course of interest rates in the first economy in the world.
The exchange rate is listed at 17,091 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 the Latin American currencies rose the day before, favored by a slight decline in the dollar in the international markets, while the markets analyzed data from the US economy, in search of clues about the course of interest rates in the world’s largest economy.
New orders for manufactured capital goods in USA rose unexpectedly in May, but the prior month’s data was revised down, indicating that companies remain cautious about new capital investment due to higher borrowing costs and an uncertain economic outlook.
The Federal Reserve it has raised its official interest rate 500 basis points since March 2022. The US central bank has signaled two more rate hikes this year to cool inflation. Most economists forecast a recession by the end of the year.
Source: Gestion
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