The peso and the Mexican Stock Market culminated a week of losses this Friday, dragged down by growing concerns about a victory for Donald Trump in the US elections in November.
For now, the session was marked by better-than-expected figures in the United States for new orders for capital goods and consumer confidence.
The peso was trading at 19.9686 per dollar almost at the end of business, with a depreciation of 0.89% compared to Thursday’s Reuters reference price.
In the week it has registered a decline of 0.6% and analysts believe that it could continue to weaken.
Read: Trump promises to end cartels after murder of Army veteran in Mexico
“The market continues to see a high risk of volatility for the exchange rate after the elections in the United States, as Trump has threatened to impose tariffs on imports from Mexico,” said Banco Base.
On the Chicago Mercantile Exchange, speculative positions in favor of an appreciation of the peso decreased for the second consecutive week.
BMV drops slightly 0.02%
The benchmark S&P/BMV IPC stock index fell a marginal 0.02% to 51,784.33 points, accumulating a weekly loss of 2.3%.
He highlighted a drop of 8.86% in Grupo Televisa’s shares after it was announced that its executive president, Emilio Azcárraga, will take leave pending the results of an investigation in the United States related to FIFA.
Read: Televisa shares fall after its quarterly report and the license of Emilio Azcárraga
The papers of Ollamani, who controls Club América and its Azteca stadium, among other businesses of the Mexican magnate, subtracted 2.28%.
In the secondary debt market, the 10-year bond yield rose five basis points to 10.09%, while the 20-year rate rose seven basis points to 10.39%.
With information from Reuters
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