The price of the dollar in Mexico operates downwards in the early hours of Monday, due to a renewed appetite for risk assets, amid bets that the Federal Reserve pause interest rate hikes.
The exchange rate is quoted at 17,078 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
amid the bets that the Federal Reserve pause interest rate hikes.
The appreciations in the region occurred despite the fact that the dollar reached six-month highs against the euro.
But investors were analyzing the influence that the decision of the European Central Bank, which increased its interest rate.
Source: Gestion
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