The price of dollar in Mexico trades in the early hours of Monday on the downside, with markets’ attention focused on the monetary policy meeting of the Federal Reserve This week.
The exchange rate is listed at 16,979 pesos per dollar, according to data from the Bloomberg agency.
The mexican economy is on track to close at a good pace in 2023, driven by the strength in consumption. In June, the Gross Domestic Product (GDP) had a growth of 4%, compared to the same period of the previous year, an increase above the 3.6% reported in May, according to figures from the Timely Indicator of Economic Activity (IOAE).
If so, it would be the best data since October last year, when economic growth was 4.8%, according to data released last week by the National Institute of Statistics and Geography. (Inegi).
dollar globally
Most of the currencies of Latin America fell last day amid a global advance of the dollar after a solid data of the employment in USA, with the markets’ attention focused on the monetary policy meeting of the Federal Reserve This week.
The number of Americans filing new claims for unemployment benefits unexpectedly dropped last week, pointing to continued strength in the labor market.
The Department of Labor reported that initial applications for state subsidies for unemployment they fell by 9,000, to a seasonally adjusted 228,000, in the week ending July 15. Economists polled by Reuters had expected 242,000 applications for the last week.
The US currency was up about 0.6% against a basket of six major currencies that make up the dollar index.
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
