The Mexican peso depreciated more than its major international currencies on Tuesday, with the dollar strengthening globally as markets await key economic data in the United States this week, while the stock market rose.
At the local level, investors’ attention is focused on the publication on Wednesday of inflation indicators for the first half of January, which will be important for determining the course of the country’s monetary policy. Bank of Mexico.
The national currency was quoted at 17.35 per dollar.down 1.05%, in a market that is also closely watching the Republican presidential primaries in New Hampshire in the US, where polls show Donald Trump with great advantage.
“The results will be announced this evening and Trump will be able to mention Mexico again in his speech, as he did after winning the election.” elections Iowa primary,” Gabriela Siller, director of analysis at Banco Base, said in a report.
Link S&P/BMV IPC Stock Index It added 0.61% to 55,056.54, regaining some of the ground lost the previous day when it recorded one of the worst sessions this year in a market heading into the fourth-quarter corporate earnings season.
Titles Inbursa Financial Groupowned by tycoon Carlos Slim, led the gainers with a 3.37% rise to P46.65 after reporting its quarterly results yesterday, followed by the airline’s results. Volariswhich added 2.80% to P14.30.
In the debt market, the central bank is expected to release the results of its weekly debt auction later. government securitiesunder which it will offer treasury certificates worth 49,600 million pesos ($2,858 million) (Kita).
Intermediaries expect that the primary yield of securities will be posted with mixed changes compared to the previous auction.
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.
