The price of dollar in Mexico operates in the early hours of Friday to the downside, after it was reported that the inflation of USA it rose moderately in July, reinforcing expectations that interest rates will not rise in the world’s largest economy at the next monetary policy meeting.
The exchange rate is listed at 17,081 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 Latin America’s currencies rose on Thursday after inflation was reported to USA it rose moderately in July, reinforcing expectations that interest rates will not rise in the world’s largest economy at the next monetary policy meeting.
US consumer prices rose moderately amid declining costs for goods, including used motor vehicles, a trend that could sway the Federal Reserve to keep interest rates unchanged next month.
The CPI rose 0.2% last month, the Labor Department reported. Although the increase in the annual rate of CPI rebounded for the first time in 13 months, that was because it was calculated from a lower base after prices fell in July last year after a jump that had sent inflation soaring to a rate not seen in more than 40 years.
Meanwhile, the US currency added just over 0.1%, 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.
