The Mexican peso strengthened on Wednesday after two days of losses that saw it break the 18-unit barrier the previous day as the dollar fell globally following data from the United States that showed private sector wages rose through September. less than expected.
The national currency was quoted at 17.96 pesos per dollar.with an increase of 0.58% compared to the base price Reuters on Tuesday, although it had earlier weakened to 18.21 units, a level not seen since April 11.
“In this Wednesday investors “They are focused on ADP’s private sector employment figure, which came in well below expectations and was at its lowest level since January 2021,” CIBanco said in a research note.
“This is interpreted as a sign of a possible cooling in the labor market USA, which helps improve traders’ sentiment due to a slight reduction in rates for further tightening of monetary policy Federal Reserve“he added.
Comments are expected before the end of the session from various representatives of the US central bank, including Fed Chairman Michelle Bowman and Chicago Fed Chairman Austan Goolsbee.
mexican bag The index rose on Wednesday after US private employment data showed a cooling in the labor market, easing concerns about further monetary tightening by the Federal Reserve.
He leading S&P/BMV IPC indexwhich unites the most traded shares on the domestic market, rose 0.16% to 50,449.07 points after falling the previous day to its lowest level since January 5.
Airline names Volaris led the gain with a 2.86% rise to P11.51, followed by the telecom giant. America Moviltycoon Carlos Slim, up 1.56% to P14.96.
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.