Mexico City. The gain of the dollar in Mexico did not stop this Wednesday. For the third consecutive day, the Mexican currency weakened against its US counterpart this Wednesday, registering a daily depreciation of 0.75 percent, equivalent to 14.57 cents, to close at 19.4902 pesos per dollar spot.
According to data from the Bank of Mexico, the exchange rate operated between a maximum of 19.5000 units and a minimum of 19.3830 units in the interbank (wholesale) market. The Mexican peso recorded three falls against the dollar, accumulating a decline of 1.20 percent, equivalent to 23 cents.
The Inegi revealed that general inflation in Mexico in September was 0.05 percent monthly, below what the market expected (0.09 percent according to the Citibanamex survey). At an annual rate, inflation slowed to 4.58 percent, after 4.99 percent in August. Core inflation also surprised downwards and slowed its annual measurement.
Thus, the expectation that the Bank of Mexico (BdeM) will decide to cut the reference rate, currently at 10.50 percent, in November was consolidated.
After the publication of the minutes corresponding to the monetary policy decision of September 18, when the Federal Reserve (Fed) announced the rate cut of 0.50 percentage points, the dollar strengthened its strength that it registered during the session worldwide, due to which maintained its winning streak, according to the DXY index, which measures its behavior against a basket of six international currencies, the longest since February of this year. The dollar index appreciated 0.36 percent, to 102.675 units.
While most FOMC members supported the decision, some members expressed doubts about the size of the cut, signaling less aggressive adjustments in the future.
Oil falls
Greater inflationary pressures from oil and the possible moderation in rate cuts have significantly raised the required yields on bonds. The 10-year debt of the United States repeats this Wednesday just above 4 percent, at 4,078 percent.
Meanwhile, oil prices remained on hold. rally On the rise, Wall Street closed with a new historical high, awaiting inflation data in the United States this Thursday.
This Thursday all attention will focus on the United States consumer price index (CPI), and its possible decline from 2.5 to 2.3 percent.
The Nasdaq rose 0.60 percent, to 18,291.82 points. The Dow Jones advanced 1.03 percent, to 42,512 points; Meanwhile, the S&P 500 gained 0.71 percent, to 5,792.04 points. Which represents new highs among US stock indices.
The Mexican Stock Exchange, for its part, advanced 0.20 percent, to 51,869.14 points.
The barrel of Brent did not stop its correction today, falling 0.78 percent, to 76.58 dollars, far from the highs of 81 dollars reached this week. The West Texas barrel, the benchmark in the United States, was around $73.24, falling 0.45 percent.
Oil prices fell on Wednesday on rising U.S. crude inventories, but the risk of Iranian supply disruptions caused by the Middle East conflict and hurricane Milton in the United States they stopped the decline.
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