Mexico City. Despite the general strengthening of the dollar, the Mexican currency showed an important return from the 20 pesos per dollar that it reached on Wednesday morning, closing with a daily appreciation of 0.62 percent, equivalent to 12.44 cents, to close at 19.8234 units. per dollar spot.
According to data from the Bank of Mexico, the exchange rate operated this Wednesday between a maximum of 19.9890 units and a minimum of 19.8160 units in the wholesale market.
Amid a high probability that Donald Trump will return to the White House and without major macroeconomic references, the dollar index, which measures the behavior of the US currency against a basket of six international currencies, gained 0.34 percent, to 104.267 units. So far in October the dollar has accumulated a gain of more than 3 percent.
The stock market continues to struggle, driven by rising US Treasury yields. This time, even Big Tech stocks, known as the “Magnificent Seven,” are failing to cushion the declines. The yield on Treasury bonds stood at 4.253 percent.
The Dow Jones index fell 0.96 percent, to 42,514.95 integers, marking its third consecutive day of losses, something that has not happened since August. The other main indices did not escape the negative trend either: the S&P 500 lost 0.92 percent, to 5,797.42 points; while the Nasdaq fell 1.59 percent, to 18,277.41 points.
The Mexican Stock Exchange lost 0.43 percent, equivalent to 226.56 points, to 52,142.13 units. Affected by the fall of Alsea, 5.22 percent; Oma, 4.55 percent; Televisa, 3.96 percent; Asur, 3.54 percent. While Autlán gained 5.05 percent; Walmart, 2.06 percent; Grupo Carso, 1.82 percent.
Following reports that U.S. inventories rose more than expected even as refining activity recovered, futures continued to gain about 2 percent this week due to the conflict in the Middle East.
Brent futures fell 1.42 percent, to $74.96 a barrel, and West Texas Intermediate futures in the United States (WTI) lost 1.35 percent, to $70.77.
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