The price of dollar in Mexico trades in the early hours of Friday lower, due to a renewed appetite for risk assets, amid bets that the Federal Reserve pause interest rate hikes.
The exchange rate is quoted at 17,101 pesos per dollar, according to data from the Bloomberg agency.
According to the ECLAC (Economic Commission for Latin America and the Caribbean), the Mexican economy would be one of those that will close 2023 with greater growth than GDP.
Mexico would register an expansion of 2.9%, while the region will grow on average 1.7%.
The projection has been revised upwards because the economy has shown positive numbers, above expectations.
Dollar globally
Most Latin American currencies maintained an upward trend in the first hours of trading the previous day, due to a renewed appetite for risk assets, amid bets that the Federal Reserve pause interest rate hikes.
However, investors were analyzing the influence that the decision earlier in the year could have. European Central Bank, which increased its interest rate against what was expected by the majority of the market.
The Peruvian currency, the sol, depreciated 0.11% to 3,708/3,710 units per dollar. Meanwhile, the Lima Stock Exchange benchmark improved 0.63% to 596.61 points.
Source: Gestion
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