Mexico City. After finishing a profitable first quarter of the year, the financial markets return from the long rest period for Easter with optimism and maintain their positive movements in the first day of April.
At the opening of the American markets, the Mexican peso extends its winning streak against its US counterpart. The Mexican currency appreciates at 16.5356 units per dollar.
According to data from Monex, the Mexican peso is the eighth emerging currency that shows the greatest gains against the dollar this morning and is around levels from the end of 2015.
It is worth remembering that the Mexican financial markets remained closed since Thursday and resumed their activities, which is why the Bank of Mexico’s report on the closing of the exchange rate was 16.5625 pesos per spot dollar, its best level since December 2015, while that the March monetary policy minutes will be released on Thursday.
Meanwhile, the dollar index, the DXY, which measures the behavior of the US currency against a basket of six international currencies, shows a slight appreciation of 0.08 percent, to 104,355 units.
Global stock markets present positive movements, after March was the third month with an attractive performance, now maintaining the favorable inertia at the beginning of April.
“Figures in China are surprising, since manufacturing activity expanded in March for the first time in the last 12 months. A scenario of predictability regarding the next movements of the Federal Reserve (Fed) is maintained, but there are market participants who are more positive (the United States employment figures next Friday will be key),” Monex analysts highlight.
The market consensus expects non-farm payrolls in the United States to increase by 198 thousand in March, which would mark a decrease compared to the 275 thousand jobs created in February; while the unemployment rate can remain unchanged.
Although with mixed movements, but with a positive trend, Wall Street returns to activity. According to specialists, April is a historically good month for the markets, but with the strong profits of the first quarter they do not rule out some profit taking.
Oil prices report slight falls this morning, with Brent at $86.90, with a decrease of 0.14 percent; and the WTI, at 83.09 dollars.
Gold maintains its shine, advancing 1.62 percent, to $2,274.55 per troy ounce, so it is once again hovering around maximum levels.
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– 2024-04-09 11:16:34
