The price of dollar in Mexico operates downwards in the early hours of Tuesday, in a week that will be marked by monetary policy decisions, including the expected message from the Federal Reserve of USA.
The exchange rate is quoted at 7,135 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
Latin American currencies and stock markets had uneven behavior the previous day, amid a slight global decline in the dollar, at the beginning of a week that will be marked by monetary policy decisions, including the expected message from the Federal Reserve of USA.
The dollar fell against a basket of currencies on Monday but continued to hover around six-month highs as traders await interest rate decisions this week from the U.S. Federal Reserve, the Bank of England and the Bank of Japan.
Currency moves were largely contained as investors hesitated to place big bets in any direction ahead of a series of central bank decisions during the week.
Source: Gestion
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