Mexico City, (Reuters) .- The peso was appreciated on Wednesday in the face of a generalized weakening of the dollar, due to an adjustment of positions on the day prior to the announcement of the Monetary Policy of Banco de México.
The Central Bank is expected to moderate in its decision on Thursday the rhythm of its cuts to the key rate, amid signals from a slowdown in inflation and an economy that walks in a slow pace.
The currency was quoted at 18,6055 units almost at the end of the businesses, with a gain of 0.69% also underpinned by expectations that the US Federal Reserve will begin to reduce interest rates from its next September meeting.
Investors are also trying to elucidate the profile of the official who will cover an upcoming vacancy at the Board of Governors of the Central Bank after President Donald Trump said he will decide on a candidate before the end of the week.
The referential stock index S&P/BMV IPC rose 0.14% to 57.54.22 points.
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The shares of the Minera Industrias Peñoles led the increases, with 6.88% more to 548.35 pesos, followed by those of Inbursa Financial Group that added 2.57% to 49.91 pesos.
The titles of the three main airport groups in the country also culminated in profits after they reported on the eve an improvement in July passenger traffic.
Those of GAP amounted to 2.46% to 446.07 pesos, those of advanced 1.44% to 251.91 pesos and those of 1.21% to 581.75 increased.
In the secondary debt market, the 10 -year bonus yield ended without changes against its previous closure at 9.09%, as well as the 20 -year rate that closed the day at 9.74%.
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