the exchange rate in mexico opened on Tuesday due to data on the Mexican economy indicating lower public spending by the government of Andrés Manuel López Obrador (AMLO).
the dollar in Mexico it drifted in the morning with an increase of 0.07% to 19.12 mexes pesos a. greenback compared to 19.11 at the end of the previous day. This is according to data from the Central Bank of Mexico (Banxico).
Data from the Ministry of Finance showed that the AMLO government's programmable expenditure last December fell by 25.3% in real terms compared to the same month in 2017.
Also the price of dollar was affected by BBVA Research's announcement of a deceleration of car sales in the EU (EU), which would slow down exports of Mexican cars.