The price of dollar in Mexico trades in the early hours of Thursday to the downside, in a day in which traders remain attentive to the December inflation report in USA which will be published later.
The exchange rate is listed at 16,827 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 currencies closed the previous day lower, while the agents took refuge positions in dollars before the speech of the president of the Federal Reserve American at the meeting of central bankers of Jackson Hole.
“The current position is influenced by caution ahead of the Jackson Hole symposium and the appearance of Jerome Powell of the Federal Reserve”, indicated a note from the Acciones y Valores brokerage, in Bogotá.
“Powell is expected to maintain a similar tone as last meeting, supporting a data-driven stance due to high inflation and tight labor market,” added.
Source: Gestion
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