The price of the dollar in Mexico operates downwards in the early hours of Thursday, while the markets awaited the decision of the Federal Reserve USA (Fed), after its two-day monetary policy meeting.
The exchange rate is quoted at 17,190 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 were trading with gains in the first hours of business the previous day, amid a global decline in the dollar, while markets awaited the Federal Reserve’s decision to USA (Fed), after its two-day monetary policy meeting.
Confident that the Federal Reserve will keep interest rates unchanged, investors are much more focused on the release of new forecasts on Wednesday, which will reveal how much policymakers believe in the prospect of an economic “soft landing” and what rate environment will prevail. together with him.
In the short term, Fed policymakers are expected to continue projecting another rate hike before the end of 2023, likely at their Oct. 31-Nov. 1 meeting.
Source: Gestion
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