He mexican peso fell on Thursday, while the stock market recovered from two sessions of losses following the release of data showing the number of Americans ordering new unemployment benefit fell to its lowest level in a month last week.
First requests for unemployment benefit They fell by 1,000 for the week ending Dec. 21, for a seasonally adjusted figure of 219,000, according to a U.S. Department of Labor report. Economists surveyed Reuters They expected the number of applications to be 224,000.
The national currency was quoted at 20.17 per dollar.down 0.12% from LSEG’s benchmark price on Wednesday, a day of reduced liquidity due to the year-end holiday period.
So investors were looking for clues about rate movements next year after the US Federal Reserve and the US Federal Reserve (Fed) Bank of Mexico They reduce the cost of borrowing.
In an interview with ReutersMexico’s central bank deputy governor Jonathan Heath said this week it was possible the bank’s board would discuss whether to cut its benchmark rate between 25 and 50 basis points (bps) before announcing monetary policy in February.
You might be interested Increase your remittances with this Profeco tool
Link S&P/BMV stock index It rose 0.40% to 49,514.12 points after the market remained closed for the Christmas holiday the previous day. Over the previous two sessions, the stock market added a 0.54% decline.
Actions of the cement company Cemex led the gainer, rising 1.94% to P11.55, followed by the telecommunications company America Movilwhich added 1.40% to P14.53.
In the secondary debt market, the 10-year yield MX10YT=RR rose seven basis points to 10.46%, while the 20-year MX20YT=RR fell one basis point to 10.71%.
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.
