Mexico City. The Mexican peso appreciated this Friday, distancing itself from the performance of other main currencies, while investors assimilated figures that showed that job creation in the United States accelerated in September and the unemployment rate decreased.
The local currency MXN= was trading at 19.1925 per dollar, with a gain of 0.76 percent against the reference price of Reuters on Thursday, shaping up to end the week with an accumulated return of more than 2.5 percent.
Non-farm payrolls increased in the United States by 254,000 jobs in September, well above expectations, while the unemployment rate fell to 4.1 percent, according to data from the Department of Labor’s Bureau of Labor Statistics.
While the numbers, on the one hand, reduced market bets that the Federal Reserve will maintain big interest rate cuts at its two remaining meetings this year, on the other, they sent good signals about the health of the major economy of the world.
Mexico is particularly sensitive to the prospects for its northern neighbor, who is also its main business partner.
The Mexican Stock Exchange (BMV) rose in its first negotiations this Friday after a solid employment report in the United States alleviated concerns about a deterioration in the labor market.
The leading index S&P/BMV IPC .MXX, which groups together the most traded shares in the domestic market, rose 0.75 percent to 52,063.99 points. Even so, it was set to end the week with a cumulative decline of 1.3 percent.
#Peso #advances #solid #labor #report
– 2024-10-07 20:18:46
