Mexico City. At the start of the week before the elections in the United States, the Mexican currency closed above 20 pesos per spot dollar this Monday, its worst level since September 10, 2024.
The Mexican peso linked three sessions down (1.05 percent), where this Monday it reported a daily depreciation of 0.32 percent, equivalent to 6.33 cents against the dollar, to close at 20.0317 units per dollar in the wholesale market.
According to data from the Bank of Mexico, the exchange rate operated between a maximum of 20.0570 units and a minimum of 19.9800 units, to close at a level not seen since September 10, when at that time it closed at 20.0911 units per dollar. spot.
Thus, the Mexican currency accelerated its fall against the dollar so far this year, to 13.08 percent.
The Mexican peso experienced a complicated session against the dollar, as at times it was trading below the psychological level of 20 per dollar and above, due to investors’ reservations due to a possible arrival of Donald Trump to the presidency of the United States.
For its part, the dollar index, which measures the behavior of the US currency against a basket of six international currencies, appreciated slightly by 0.05 percent, to 104,185 units.
The United States presidential elections face their final stretch without a clear favorite, but with the fear that the winner will be Donald Trump due to his commercial rhetoric; since the financial report of five of the seven magnificent technology companies is expected this week.
Meanwhile, oil prices showed falls of over 6 percent, amid a pause due to investor fear, since Israel’s long-awaited military response to Iran arrived over the weekend, and to the relief of investors, among its The targets did not include nuclear or oil facilities.
The price of Texas intermediate oil (WTI) closed this Monday with a drop of 6.13 percent, to $67.38 a barrel, after Israel attacked Iranian territory on Saturday but did not hit energy facilities, which has been interpreted as a cooling of hostilities.
For its part, Brent crude oil for delivery in December fell 6.09 percent this Monday in the London futures market, reaching $71.42 at the close.
Wall Street closed this Monday in green, with the market encouraged by the cooling of hostilities between Iran and Israel and expectant by the quarterly results of the big technology companies.
The Dow Jones rose 0.65 percent, to 42,387.57 points; The selective S&P 500 advanced 0.27 percent, to 5,823.52 units, and the Nasdaq rose 0.27 percent, to 18,568.05 points.
This week, the last before the US elections and the next meeting of the Federal Reserve (Fed), the third quarter results of Alphabet, Microsoft, Meta, Amazon and Apple, five of the magnificent seven, will also be presented.
Likewise, new data on third-quarter GDP, inflation and employment in the United States are expected starting Wednesday.
The yield on the 10-year bond continued its climb and reached 4.284 percent this afternoon.
Meanwhile, the Mexican Stock Exchange (BMV) closed almost unchanged, gaining 0.06 percent, to 51,816.30 units. And Cemex shares lost 8.04 percent; those of Femsa, 1.46 percent; Alpha, 3.79 percent; Mexico Group, 1.01 percent, mainly.
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