Mexico City. The Mexican currency, which was among the three most appreciated currencies internationally on Thursday, registered a daily gain of 0.97 percent, equivalent to 18.6474 units against the US currency, to close at 18.6474 units per spot dollar.
According to data from the Bank of Mexico, the exchange rate operated between a maximum of 18.6690 units and a minimum of 18.6370 units.
Following the publication of retail sales in the United States at the end of July, which showed that consumption in the US economy remains solid, registering a rise of one percent, exceeding the 0.3 percent estimate expected by the market, the Mexican peso accelerated its recovery and accumulated an appreciation of 2.34 percent (44 cents) in the last three sessions.
The good news of the last few days has encouraged investors to take riskier financial positions, which is why stock markets have registered gains of more than one percent.
The Dow Jones Industrial Average, made up of the 30 largest U.S. stocks, rose 1.39 percent to 40,563.06 points. The S&P 500 rose 1.61 percent to 5,543.22 points. The technology-heavy Nasdaq gained 2.32 percent to 17,591.72 points.
For its part, the Mexican Stock Exchange (BMV) gained 1.02 percent, equivalent to 545.97 points, to close at 54,264.92 units.
Oil prices rose more than a dollar on Thursday after U.S. economic data eased fears of an impending recession in the world’s largest economy, though concerns about slowing global demand held back the rally.
Brent crude futures rose $1.28, or 1.6 percent, to $81.04 a barrel. U.S. West Texas Intermediate crude futures added $1.18, or 1.53 percent, to $78.16.
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– 2024-08-22 09:36:59
