At the beginning of the last exchange session of the week, the peso recovered ground against the dollar – the main currency to be negotiated in the market – with the exchange rate at 17.16 units per greenback, a gain of 0.24 percent with compared to yesterday’s closing.
The exchange rate at the beginning of the session reached a maximum of 17.28 pesos per dollar and a minimum of 17.13 units.
Yesterday, the Mexican currency lost 0.84 percent against the dollar or the equivalent of 14.36 cents and closed at 17.21 units, its worst level since February.
“The peso appreciated after the publication of economic indicators in the United States that show signs of deterioration. Personal consumption advanced 0.8 percent monthly; However, this occurred alongside a drop in the savings rate from 3.6 to 3.2 percent, the lowest since October 2022,” Banco Base said in an analysis.
The appreciation of the Mexican currency also occurs after this morning the National Institute of Statistics and Geography (Inegi) announced that in March the labor market continued to rise and the unemployment rate stood at 2.3 percent, its highest level. lowest since records began.
In the stock market, the Price and Quotation Index (IPC) of the Mexican Stock Exchange (BMV), the most important in the country, stands at 57,434 points, an advance of 0.61 percent with respect to the closing from yesterday.
“At the end of the week, global stock markets present positive movements, after knowing the inflation figures in the United States slightly higher than estimates, which could influence the next monetary policy stance of the Federal Reserve,” they indicated. Monex analysts in an analysis.
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– 2024-04-27 18:46:56
