The Mexican peso gained in the first week of the year; stock market is back

He Mexican Peso And bag They rose this Friday, although they culminated in mixed results in the first week of 2024 after better-than-expected US labor market data tempered expectations of an imminent interest rate cut.

According to the data, the world’s largest economy generated 216 thousand new jobs in December, exceeding the consensus forecast of 170 thousand, while the unemployment rate remained stable compared to November at 3.7%.

The domestic currency MXN= was trading at 16.8630 per dollar near late trade, up 0.85% from the benchmark MXN= price. Reuters on Thursday, although it initially fell 0.39% to 17.0740 units after the jobs report.

The peso ends the first week of the year with a yield of about 0.50%.

The benchmark S&P/BMV IPC stock index .MXX rose 1.42% to 56,192.78, ending a six-day losing streak.

Gruma GRUMAB.MX, which specializes in tortillas and corn flour, rose 6.46 percent to 327.14 pesos, followed by Gentera GENTERA.MX, which specializes in credit services, added 6.27 percent to 23.90. . pesos.

The stock market fell by 2.08% over the week.

(according to information from Reuters)

Source: Aristegui Noticias