After crossing the threshold of 20 pesos per dollar, the Mexican currency closed at approximately 19.85 pesos in international markets, a level similar to that of the previous day, after three consecutive days of growth, according to data from Bloomberg.
On the other hand, the dollar in retail operations ended this Thursday at 20.33 pesos at Citibanamex brancheswhich represents a drop in 0.29% or 6 cents compared to Wednesday’s closing.
During the day, the exchange rate continued to face upward pressure due to the appreciation of the US dollar, which rose by 0.17%according to the weighted index. This strengthening of the dollar is due to expectations that the Federal Reserve will maintain a cautious stance in its upcoming monetary policy decisions, as US economic indicators continue to show strength.
Furthermore, risk aversion remains high, driven by both the conflict in the Middle East and the slowdown in the Chinese economy.
Globally, capital markets closed with general gains, with the exception of the S&P 500 index, which had a slight drop of 0.02%. In contrast, the Dow Jones rose 0.37% and the Nasdaq Composite recorded a slight increase in 0.04%.
In Mexico, the BMV Price and Quotations Index closed with a slight loss of 0.04%. Inside, the losses of stations such as Femsa stood out, with a drop in 1.6%; Mexico Group, -0.8%; Arca Continental, -1.8%; Southeast Airport Group, -0.8%; and Pacific Airport Group, -0.5%.
In the raw materials market, WTI oil, the benchmark for the Mexican mix, closed the session trading at 70.77 dollars per barrelwinning 0.4%driven by the publication of United States oil inventories, which fell in 2.2 million barrelsexceeding market expectations 1.8 million barrels.
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