2023-06-16 13:16:31
The price of the dollar in Mexico operates in the early hours of Friday on the rise, two days following the Federal Reserve of USA (Fed) to keep interest rates unchanged, but leave the door open for further increases this year.
The exchange rate is listed at 17,129 pesos per dollar, according to data from the Bloomberg agency.
The expectations for the mexican economy have improved, driven by the first quarter result, which was above expectations. National and international organizations expect growth of between 1.5 and 3% for this year.
READ ALSO: Dollar falls for the fourth month in May, will this trend continue in June?
Of the international organizations, the Organization for Economic Cooperation and Development (OECD) is the one with the highest projection, at 2.6%.
While of the local institutions, the Ministry of Finance and Public Credit (SHCP) is the most optimistic and expects growth of 3%.
dollar globally
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Latin American currencies and stock markets posted a mixed close the day before, amid a global decline in the dollar, two days following the Federal Reserve of USA (Fed) to keep interest rates unchanged
The Fed ended a series of 10 consecutive rate hikes, but projections showed policymakers expect two more hikes by the end of 2023.
Also the president of the Federal Reserve, Jerome Powell said it would not be appropriate to cut rates in 2023.
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