The price of dollar in Mexico trades in the early hours of Friday on the rise, amid concerns about the health of the chinese economy, since the latest announcements made in the world’s second largest economy failed to calm the fears of the investors.
The exchange rate is listed at 17,109 pesos per dollar, according to data from the Bloomberg agency.
It is worth mentioning that the Mexican currency has shown a favorable trend against the dollar since December of last year. And it is that the US authorities implemented a series of monetary policy measures to avoid excessive inflation.
In this sense, since December 6, 2022, the price of the Mexican peso has improved against the dollar.
dollar globally
Most of Latin America’s currencies closed higher the previous day, while the bulk of the stock markets posted losses, as concerns about the health of the chinese economy, since the latest announcements made in the world’s second largest economy failed to allay investor fears.
The Central Bank of China He said on Thursday that he would maintain reasonably ample liquidity and that his policy would continue to be “precise and forceful” to support the country’s economic recovery, amid mounting headwinds.
The data for July have revealed the intensification of pressure on the economy on various fronts, such as the drop in the real estate and deflationary pressure, which has led Beijing to introduce direct stimuli to revitalize growth.
The markets also continued to digest the minutes of the last monetary policy meeting of the Federal Reserve of the United States released the day before, which failed to dispel doubts regarding future movements in interest rates in the main world economy.
Source: Gestion
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