The Mexican peso anticipates losses this Thursday, depreciating towards 19.5166 units per dollar, while the dollar continues to strengthen worldwide and oil prices maintain their increases.
Geopolitical alerts and turbulence in oil maintain tension in the markets in the face of US employment figures.
The DXY index, which measures the behavior of the dollar against a basket of six international currencies, appreciated 0.32 percent, to operate at 101,756 points.
And currencies are once again playing a prominent role among equity investors, on the eve of the financial results season, the risk aversion brought to light by the escalation of the war and the latest data have fueled the rise of the dollar.
Given this, investors turn towards more defensive positions that favor fixed income. The interest on the debt moves around 3.80 percent on the 10-year US bond.
The weekly unemployment figures will serve as an appetizer to the key data of the week, the official United States employment report that will be released this Friday. Analysts trust in figures on the labor market that will allay fears of a slowdown and, at the same time, leave the door open to new rate cuts by the Federal Reserve (Fed).
Current events, however, have forced us to shift the focus this week towards factors ‘external’ to the markets such as geopolitical tensions. The escalation of war in the Middle East poses an additional threat to growth and inflation, largely due to the effects it could have on the price of oil.
The barrel of Brent rises again this Thursday, at the gates of 75 dollars, with a gain of 2.68 percent, to 75.95 dollars; compared to 72 dollars per West Texas type barrel, the reference in the United States, with a gain of 3.10 percent, to 72.25 dollars. OPEC+’s plans to soften its production cuts help contain the supply alerts caused by the current war escalation.
Gold advances 0.18 percent, to trade at 2,672.75 dollars per ounce troy.
Wall Street operates mixed, while the Mexican Stock Exchange wants to close with its fourth consecutive session lower.
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