Peso begins week with losses awaiting local economic figures; BMV goes down

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The peso fell this Monday due to a global strengthening of the dollar at the beginning of a week that will be marked by the release of local inflation figures and economic activity.

The peso was trading at 18.3758 units, with a depreciation of 0.10% compared to the 18.3570 pesos of the LSEG reference price on Friday.

The dollar, meanwhile, rose amid expectations of interest rate cuts by the Federal Reserve (Fed), while investors awaited news on negotiations between the United States and China and the government shutdown in Washington.

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BMV falls while awaiting inflation data

The Mexican Stock Exchange (BMV) was affected by the leading stock index S&P/BMV IPC, which fell 0.64% to 61,349.85 points, shortly after the opening.

The securities of the insurance company Quálitas led the decline, with 2.60% less to 158.0 pesos, followed by those of the airport group OMA, which fell 1.67% to 235.58 pesos.

At the local level, it is expected that economic activity figures (IGAE) for August will be released on Wednesday and inflation for the first half of October will be published on Thursday.

With information from Reuters

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