Mexican peso starts 2024 on the left foot, has four sessions of losses

He The Mexican peso has depreciated on Tuesday for the fourth day in a row, as the dollar strengthened globally ahead of the release of a slew of economic data this week, including a key report on the employment situation in the United States.

The national currency was quoted at 17.03 per dollar.with a decrease of 0.39% compared to the base price Reuters on Monday, although it had recently fallen to 17.06 per dollar, its worst level since Dec. 21, in a session marked by rising tensions in the Red Sea that dented global risk appetite.

On Friday, US non-farm payrolls data will be released, which will help determine market expectations regarding the Federal Reserve’s monetary policy, and in Mexico on Thursday the minutes of the Federal Reserve’s latest meeting will be released. Bank of Mexico.

Over the past four sessions, the peso has lost 0.66%.

Mexican Stock Exchange fell on Tuesday shortly after the opening bell on a global wave of risk aversion amid rising tensions in the Red Sea as investors await a slew of key economic data this week, including U.S. employment levels.

He leading S&P/BMV IPC indexwhich is the most traded share in the domestic market, fell 0.22% to 57,258.33 points, combining four straight days of losses for a cumulative decline of 0.84%.

Titles Peoplespecializing in credit services led the decline by 1.40% to P23.25, followed by financial group companies. Banortewhich decreased by 1.02% to P169.01.

Source: Aristegui Noticias