Mexico City. In Mexico, the dollar is trading at 20.04 pesos per dollar, exactly one week before the United States elections. The national currency extends its weakness against the US currency.
The Mexican currency closed yesterday above 20 pesos per dollar, its worst level since last September 10, amid caution over the elections in the United States, not only due to the victory of Donald Trump, but also due to the composition of the American cameras; since investors are cautiously taking the consequences of the Republican returning to the White House, according to his speeches on commercial and geopolitical matters.
Thus, the truce in macroeconomic references until tomorrow and monetary references next week minimizes the adjustments in the currency market, conditioned in recent times by the ‘Trump effect’. The dollar remains firm. The DXY index, which measures the behavior of the US currency against a basket of six international currencies, appreciated 0.23 percent, to 104,427 units. Meanwhile, the euro once again registers intraday lows below the level of 1.08 dollars. The British pound awaits further developments very close to the $1.30 level.
Rising bonds
The fall in the price of oil on Monday relaxes inflationary tensions, although debt interest rates are reluctant to correct part of their latest increases. One week before the United States elections, the required yield on the 10-year US bond repeats around 4.30 percent, specifically at 4.327 percent this morning.
From today until Thursday the markets face the most frenetic days of results of the season, including five of the so-called ‘Wall Street magnificent seven’.
Thus, the Nasdaq starts in negative territory, falling 0.30 percent this morning; while the S&P 500 and the Dow Jones fell 0.31 and 0.45 percent, respectively.
Meanwhile, the Price and Quotation Index (IPC) of the Mexican Stock Exchange (BMV) fell 0.74 percent, to 51,433 units.
After the fall of more than 6 percent on Monday, the barrel of Brent operates above 7.02 dollars, with a minimum advance of 0.03 percent; In the United States, the West Texas type barrel is trading at $67.40, a slight advance of 0.04 percent this morning.
Gold, the safe haven asset par excellence, returns to its gains, trading at $2,774 per troy ounce, with a gain of 0.69 percent.
This week, the last one before the US elections and the next meeting of the Federal Reserve (Fed), the third quarter results of Alphabet, Microsoft, Meta, Amazon and Apple will also be presented.
Likewise, new data on third-quarter GDP, inflation and employment in the United States are expected starting Wednesday.
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘
fbq(‘init’, ‘133913093805922’);
fbq(‘track’, ‘PageView’);
fbq(‘track’, ‘Contact’);
fbq(‘track’, ‘Donate’);
fbq(‘track’, ‘FindLocation’);
fbq(‘track’, ‘Lead’);
fbq(‘track’, ‘Search’);
fbq(‘track’, ‘Subscribe’, {value: ‘0.00’, currency: ‘MXN’, predicted_ltv: ‘0.00’});
fbq(‘track’, ‘ViewContent’);
#Peso #extends #weakness #dollar #listed
–
