The price of dollar in Mexico operates in the early hours of Tuesday to the downside, while the markets digested the announcement of measures announced by China to support its economy, at the beginning of a week in which US figures are expected to be released.
The exchange rate is listed at 16,789 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 the first six months, through trade between the two nations and remittances.
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Most of the Latin American currencies were trading lower while the stock markets gained ground in the first deals of the previous day, while the markets digested the announcement of measures announced by China to support its economy, at the beginning of a week in which US figures are expected to be released.
China halved the stamp duty on stock transactions starting Monday in the latest attempt to boost a struggling market as the recovery of the world’s second-largest economy falters.
The Ministry of Finance reported on Sunday in a brief statement that it was reducing the 0.1% tax on stock transactions “in order to invigorate the capital market and boost the confidence of investors.” investors”.
Source: Gestion
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