MEXICO CITY, Mar 2 (Reuters) – The exchange rate of the Mexican peso and the Mexican stock exchange recovered on Monday, after several consecutive days in decline, following the progress of global markets due to hopes that central banks take measures to alleviate the economic impact of coronavirus.
Despite Monday’s rebound, experts said that nervousness continues to permeate the markets due to the rapid spread of the epidemic that has left more than 3,000 dead around the world and recorded its first cases in Mexico last week.
Dollar and bag this March 2, 2020:
- The peso was trading at 19.4080 per dollar almost at the close of business, with a gain of 1.04 percent against the reference price of Reuters on Friday. Earlier, the currency depreciated 1.33 percent at 19.8726 units.
- In the previous seven sessions, the peso weakened 5.67 percent and reached levels not seen since September.
- The benchmark S & P / BMV IPC share index jumped 2.04 percent to 42,167.24 points, after suffering its biggest weekly breakdown since the 2008 financial crisis.
- They highlighted the titles of the industrial chemical conglomerate Orbia, which rebounded 7.27 percent to 41.29 pesos, after losing 15.5 percent in the previous nine sessions.
- Last week, the stock market lost 7.76 percent.
- In the debt market, the yield of the 10-year bond fell 27 basis points to 6.58 percent, while that of the 20-year papers fell 22, to 6.93 percent. (Report by Noé Torres)
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