He Mexican Peso rose on Wednesday to levels not seen in four months as the dollar weakened globally on persistent expectations that the Federal Reserve could soon cut interest rates.
The national currency was quoted at 16.94 units.with an increase of 0.15% compared to the base price Reuters on Tuesday, although it had earlier briefly strengthened to 16.91 per dollar, its best level since Aug. 31.
However, the session was marked by a small number of participants due to the end of year holiday period.
Mexican Stock Exchange It fell on Wednesday, although it continued to hover around the all-time highs it reached last week, in a market that has contracted due to low entry due to the year-end holiday period.
The leading S&P/BMV IPC index, which combines Actions the most traded on the domestic market fell 0.23% to 57,612.57 points shortly after the opening.
Titles Banorte Financial Group led the decline, declining 1.24% to P171.48, followed by pharmaceutical laboratory “Genomma”which decreased by 1.14% to P13.91.
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.
