Mexican Peso, the currency that depreciated the most this Monday

He The Mexican peso has depreciated on Monday with greater strength than its major international counterparts, in front of global dollar strengthening and after local data showed business investment fell last month after 14 months of continuous growth.

Mexican Stock ExchangeMeanwhile, it showed little movement as markets await this week’s US labor market data for clues about the Federal Reserve’s next steps, while Mexico will announce inflation in November.

The national currency was quoted at 17.45 units.down 1.65% from the Reuters benchmark price on Friday, when it recorded its biggest daily gain since mid-November.

mexican currency “This was driven by increased international risk aversion, which has increased appetite for safe-haven instruments ahead of important information released this week,” Monex Grupo Financiero said in a research note.

According to CIBanco, the peso may fluctuate between 16.95 and 17.50 per dollar until the end of the week.

Link S&P/BMV stock index It fell a marginal 0.02% to 53,890.15.

Titles Peoplespecializing in credit services led the decline, falling 2.66% to P20.10, while the media giant Televisa Group They jumped 5.67% to P11.92.

Yield on the debt market 10 year bond The rate rose seven basis points to 9.33%, in line with the 20-year rate, which was 9.41%.


Source: Aristegui Noticias