The price of dollar in Mexico operates in the early hours of Thursday on the rise, amid expectations for new stimulus measures in Chinaafter it was confirmed that the second economy in the world entered deflation.
The exchange rate is listed at 17,068 pesos per dollar, according to data from the Bloomberg agency.
After stating that the Mexican economy grew 3.6% in the first half of the year, the Bank of America Securities (BofA Securities) pointed out that the country is going through a good moment and that it improved its expectations towards the end of 2023 and 2024.
According to the financial institution, the behavior of the Economy of mexico was driven by the good results of USA throughout these six months, through trade between the two nations and remittances.
dollar globally
Most of the Latin American currency and stock markets ended with gains the day before, on expectations of further stimulus measures in China, after it was confirmed that the second largest economy in the world entered deflation.
He consumer industry China went into deflation and ex-factory prices continued to decline in July as the government struggled to revive demand and pressure mounted for Beijing to apply more direct stimulus measures.
The Consumer Price Index (CPI) it fell 0.3% year-on-year in July, the National Statistics Office reported on Wednesday, versus the median estimate of a 0.4% decline in a Reuters poll. It was the first casualty since February 2021.
Source: Gestion
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