Mexico City. The less accommodative policy of the United States Federal Reserve (Fed) that discounts the market and the relaxation of geopolitical tensions give impetus to investors taking positions in risk assets.
At the opening of the American markets, the Mexican peso extends its gains against the dollar, showing an appreciation of 0.57 percent, to be quoted at around 16.3565 units per dollar.
Data from Monex reveal that the Mexican peso is the fourth emerging currency that shows the greatest gains against the dollar this morning. Economic agents remain attentive to the development of the elections in Mexico and the United States.
Meanwhile, the dollar index, the DXY, which measures the behavior of the US currency against a basket of six international currencies, depreciated 0.10 percent, to 103.965 units.
On the eve of the release of Mexico’s inflation data for March, US inflation and the Fed minutes, the markets begin the week with a mini-truce, as Israel’s withdrawal to the south of the Gaza Strip may help to de-escalate a conflict that threatens to spread throughout the Middle East.
However, attention is focused on Iran and a possible response to the attack on its consulate in Damascus.
Amid warnings about a possible extension of the war conflict in the Middle East, a barrel of Brent reached annual highs on the verge of 92 dollars. On Monday, Brent fell 0.87 percent, still above the $90 barrier, to $90.38. While WTI lost 0.69 percent, to $86.31.
The strength of the US employment data caused; However, a new increase in debt interest, since fears of inflation took a step forward due to the increase in the price of oil. Thus, the brake on risk aversion reduces the search for refuge in debt, so that its profitability rises to around 4,415 percent in the 10-year US bond, new highs since November.
Wall Street, for its part, starts the week with moderate gains, with the Nasdaq advancing 0.12 percent and the Dow Jones, 0.16 percent.
The Mexican Stock Exchange (BMV) advances a marginal 0.09 percent, to operate at 58,142.76 integers.
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– 2024-04-12 20:10:24
