Mexico City. A greater probability of Donald Trump’s victory in the United States elections, according to betting markets, as well as his recent statements defending the increase in tariffs, brought the Mexican peso down to the threshold of 20 pesos per dollar.
This Wednesday, the Mexican currency registered a daily depreciation of 1.23 percent, equivalent to 24.24 cents against the US currency, to close at 19.9406 pesos per spot dollar, a level not seen since the beginning of September.
According to data from the Bank of Mexico (BdeM), the exchange rate operated between a maximum of 19.9600 units and a minimum of 19.8680 units in the wholesale market.
The national currency accumulated three downward sessions against the dollar, in which it has lost 3.39 percent. Almost three weeks before the United States elections, the race is closed, according to specialists.
The dollar recovered, which according to its index, which measures the behavior of the US currency against a basket of six international currencies, advances 0.28 percent, to 103,340 units.
The dollar strengthened its comeback this Wednesday, and accelerated it in its crossing with the pound, in response to inflation data from the United Kingdom that has extended ‘disinflation’ to 1.7 percent, two tenths below the 1.9 percent expected by analysts.
The day before the meeting of the European Central Bank (ECB), where a cut of 0.25 percentage points in the rate is expected, brings greater stability in the price of oil.
Maximum and marginal gains
Wall Street closed with purchases this Wednesday. The Dow Jones advanced 0.79 percent, to 43,77.70 points; the S&P 500 rose 0.47 percent, to 5,842.47 integers; the Nasdaq gained 0.28 percent, to 18,366.51 points; Thus, the advances allowed the Dow Jones to reach a new closing record.
Investors are awaiting more references, such as weekly unemployment figures and retail sales, which will be published this Thursday, while positively assessing Morgan Stanley’s results, which have exceeded forecasts.
The Mexican Stock Exchange advanced 0.20 percent, equivalent to 105.84 integers, to close at 52,483.62 units.
Israel’s refusal to attack Iran’s oil or nuclear targets cools the escalation of war in the Middle East, and reduces inflationary pressures from oil. The barrel of Brent, which plummeted 4 percent on Tuesday, managed to dodge with marginal advances, of 0.04 percent to 74.22 dollars; compared to the $70.39 price of a West Texas barrel, the benchmark in the United States, with an increase of 0.27 percent.
Oil prices held near a two-week low on Wednesday, after falling about 7 percent in the previous three days on forecasts of slower growth in crude demand and an easing of concerns that conflicts in the Middle East disrupt supplies.
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