:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/elimparcial/X5I2KIQFONG67N6O56S73HS72M.png?w=1200&resize=1200,630&ssl=1 "The dollar is expected to continue to rise | News from Mexico")
The price of the dollar could also rise in December, when it normally rises. The price of the dollar should be around 19 pesos.
Mexicali, BC- The exchange rate has remained on the rise in recent weeks, after recording several declines throughout the year. It is currently located in 18.20 pesos, but it is expected to increase later this year and during the electoral process.
The rise of the US dollar is due to the fact that the economy of United States of America presented improvements in several sectors, such as employment or industrial production, according to the economist. Roberto Valero.
Although there are improvements in different economic areas United States of Americais a relatively positive change, but this has implications for changes in the world economy, including changes in the inflation.
The price of the dollar could also rise in December, when it normally rises. The price of the dollar should be around 19 pesos.
He electoral process that will be lived Mexico Next year it could also affect the exchange rate, with the probability that its price will rise, this is because a change of government generates instability in the markets.
“With a change of government, investors know that everything changes in Mexico, there is no security until you know who will stay and what economic project they will bring for the country,” he said.
It is expected that the Bank of Mexico Try to increase your interest rate further so that the capital is concentrated in the country, which will help lower the exchange rate and is what has worked for you in recent months.
Investors will also wait for an increase in Mexico’s interest rate to keep their capital in the country and not have to move it to other countries or the United States.
Currently, the rate of interest of Mexico it is 11.35%, the highest of all Latin America. If the rate is increased, it will be reflected in next November.
If the country’s interest rate were adjusted, the exchange rate would begin to decline, as investors would decide to leave their capital in the country because it is more attractive to them.
2024-01-18 14:29:21
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