Mexico City. The Mexican peso rebounded this Tuesday and is moving away from the psychological level of 20 per dollar, for the moment. At the opening of the American markets, the Mexican currency registered an appreciation against the US currency to operate at around 19.8347 pesos per dollar.
The gain of the national currency is reduced because before the opening it was around 19.7686 per dollar. The above, given the break that the dollar took worldwide before the session started. However, the dollar index, which measures the behavior of the currency against a basket of six international currencies, turned around and operates with a marginal appreciation of 0.08 percent, to 103,887 units.
The exchange rate in Mexico presents significant volatility, since there are many factors behind this variation, such as an electrocardiogram, among which the United States elections and their results stand out; the statements of those contending for the White House; the monetary policy of the Federal Reserve; the conflicts in the Middle East and national events regarding reforms (judicial and autonomous organizations), mainly.
A ‘relative’ calm reigns in the currency market, with narrow movements. The price of the euro remains at 1.08 dollars, while the pound is trading below 1.30 dollars.
The debt yields in the face of the cooling of expectations of rate cuts by the Federal Reserve (Fed) due to the resistance of the economy and the greater inflationary pressures due to the electoral promises of the candidates for the presidency of the United States, describe analysts.
The yield on United States Treasury bonds operates above 4.178 percent this morning, but in the early morning it reached 4.225 percent.
Wall Street operates at a loss. The Nasdaq fell 0.35 percent, while the S&P 500 lost 0.47 percent and the Dow Jones lost 0.41 percent.
The Mexican Stock Exchange, for its part, fell 0.71 percent, to 52,440 points.
The price of a barrel of Brent oil rises to $75.03, with a gain of 1.02 percent this morning, although still far from more than $80 two weeks ago. The barrel of West Texas crude oil, the benchmark in the United States, rose to $71.44, gaining 1.93 percent.
Meanwhile, investors are seeking refuge in gold, which is moving in the zone of all-time highs above $2,752.20 per troy ounce.
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