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the exchange rate operated lower on Tuesday at Mexico for the appreciation of the peso against the dollar, after the International Monetary Fund (IMF) raised its forecast for the growth of the global economy, boosting appetite for risky assets.
In the morning, the price of dollar was trading at 20.1990 pesos in the Mexican market, showing a 0.50% decline from Monday’s reference price, according to Reuters data.
The IMF reported that the world economy would grow by 6% this year, from a 5.5% expansion projected just three months ago.
For the rest of the day, the exchange rate is expected to fluctuate in the range of 20.18-20.40 pesos per dollar, according to analysts at CI Bank.
On the other hand, the Mexican Stock Exchange (BMV) recorded losses on Tuesday in line with Wall Street markets.
The S & P / BMV CPI benchmark index fell 0.39% to 48,058.96 points.