The peso rose more than other currencies on Thursday. at a global level, after the first appointments were announced in the government team of virtually elected President Claudia Sheinbaum, who will take office in October.
The national currency was quoted at 18.29 units.with an increase of 0.60% compared to the base price Reuters on Wednesday. Before the announcement, it was stable at around P18.40.
“Obviously, the interpretation that the market gives Sheinbaum’s office “These are officials with extensive technical and political capabilities,” local firm CIBanco said in a research note.
The future president, who won the June 2 elections with an overwhelming majority of votes, appointed the former chancellor Marcelo Ebrard as his Minister of Economics, academician Juan Ramon de la Fuente as his foreign minister and diplomat Alicia Barcena in the “Environment” portfolio.
In addition, the former prosecutor of Mexico City Ernestina Godoy as his academic legal advisor Rosaura Ruiz as Minister of Science Julio Berdeg at the Ministry of Agriculture.
Mexican Stock Exchangemeanwhile, fell 0.85% to 52,870.21 points as the market corrected after three consecutive sessions of gains during which it accumulated returns of just over 2%.
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.
