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David Razu Aznar, financial analyst and CEO of Afore XXI Banorte, assured that given the depreciation of the peso against the dollar, “market expectations are that there will be no movement.”
In an interview for Aristegui Live Razu Aznar explained that there is expectation that “to future The Fed may be doing lowering interest rates. But at this time it is expected that maintain in current conditions“.
This situation is considered in context global risk aversionwhat led to depreciation of the peso in the second half of the month.
The expert explained that this depreciation is the result of “investors and actors bargaining, borrowing in one place at a very low rate and moving them to another where they have a higher rate.”
In moments volatilityThese investors tend to seek refuge in safe assets How dollar. Razu Aznar also noted that this phenomenon has affected Developing marketswho experienced general wear and tear by about 4% this year.
In Latin America, this figure rises to 5%, and in Mexico – 6%. Besides, electoral process V USA This creates a lot of noise in the markets.
Statements by the former president trump O duties on chinese imports They create a marked aversion to risk. This, combined with political uncertainty, contributes to expected volatility in the markets. Razu Aznar He also stressed that the recent preliminary announcement of GDPwhich turned out to be below expectations, negatively affected in perception weight Mexican.
The combination of risk aversion, currency depreciation and interest rates in Japan has created complex environment For National currency.
He concluded that markets are alert to any signal that might indicate a change in economic policy. So, SBased on this information, Razu Aznar presented an analysis of the current situation in peso vs dollar and the consequences of global events for financial markets.
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.
