He Mexican Peso The Mexican stock exchange fell on Monday as oil prices rebounded, while markets await monetary policy announcements this week from several central banks, including the US Federal Reserve.
Locally, the focus is on Friday’s release of inflation data for the first half of September for new clues about the future of the Bank of Mexico’s interest rate.
The national currency was quoted at 17.10 per dollar.with the rate down 0.23% from the Reuters benchmark price on Friday, breaking a streak of five straight days of gains during which it accumulated a 2.9% return.
“The Mexican currency was affected by increased risk aversion due to the recovery oil pricewhich increases the likelihood that central banks will maintain a restrictive stance longer or deepen it,” Monex Grupo Financiero said in a report.
According to analysts at CI Banco, the peso could fluctuate between 16.85 and 17.25 per dollar by the end of the week.
Link S&P/BMV stock index The IPC fell 0.61% to 51,037.47, extending its move from the previous week when it lost 2.2%.
Sales positions Chedraoui On the first day they rose 0.75% to 106.87 pesos, joining a select group of the most liquid stocks included in the main index of the Mexican stock market.
Yield on the debt market 10-year bonds fell by three basis points to 9.59%, and the 20-year rate fell five basis points to 9.64%.
Reuters
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
