Mexico City. The strengthening of the dollar worldwide once again leads the exchange rate to decisively break the psychological level of 20 pesos per dollar.
At the opening of the American markets, the Mexican currency shows a depreciation of 1.54 percent, to operate at around 20.4759 pesos per dollar.
Still with the recent victory of Donald Trump, larger than expected in the United States elections, attention is gradually moving to the macroeconomic sphere, as investors focus on the publication of the United States inflation data, scheduled for Wednesday. Analysts’ forecasts also predict an increase of two tenths in the consumer price index (CPI), up to 2.6 percent. This rise in prices would add to the expectations of greater inflationary tensions that the markets have discounted as a result of Donald Trump’s victory.
In addition, the Bank of Mexico (BdeM) will have its penultimate monetary policy meeting of the year, in which, despite the increase in inflation in October, analysts estimate that the monetary authority will follow the script of a cut of 0.25 percentage points to the reference rate this Thursday.
For its part, the DXY index, which measures the behavior of the US currency against a basket of six international currencies, appreciated 0.50 percent, to 105,412 points.
The adjustments of investors in variable income were conditioned in the previous days by the rise in debt interests. The increases recorded with Trump’s victory are now giving way to a timid correction. The required yield on the US 10-year bond consolidates below the level of 4.40 percent reached last week, at 4.346 percent this morning.
Expectations of greater inflationary pressures as a result of Trump’s victory are being contained, for the moment, by the slowdown in the price of oil. The barrel of Brent drops at times from 72.16 dollars, with a drop this morning of 2.31 percent, as a new storm that threatens the US oil industry dissipates, and in the midst of the coldness generated by the latest stimuli announced by China. Meanwhile, WTI falls 2.63 percent, to $68.54.
The strength of the dollar continues to undermine optimism about the evolution of gold. The precious metal moves away from its recent records by losing the level of $2,700 per ounce, with a drop of 2.08 percent this morning, to $2,638 per ounce.
Quite the opposite happens in the cryptocurrency market. Bitcoin breaks records by smashing the $80,000 barrier. In its climb, it signs new highs above 82 thousand dollars, with a gain of 2.86 percent, to 81 thousand 827 dollars.
For their part, stock market futures have a positive performance in this Monday’s session.
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