The peso fell this Thursday due to a global advance in the dollar and after the publication of inflation figures in Mexico at the end of 2024, which strengthened expectations that Banco de México will continue to relax its monetary stance after cutting the key rate by 125 basis points on last year.
The minutes of the central bank’s most recent monetary policy meeting showed that several members of the Governing Board are open to increasing the magnitude of the cuts to the reference interest rate in future decisions.
The peso was trading at 20.4985 units almost at the end of business, with a depreciation of 0.63% compared to the LSEG reference price on Wednesday, marking its third consecutive session of losses.
Read: Peso falls due to reports that Trump is considering declaring a national emergency in the US to impose tariffs
In the last three days, the peso has lost 1%, also affected by concerns about the impact of the next administration of the American president-elect, Donald Trump, who will take office on January 20.
“As his inauguration approaches, Trump has already begun to fuel tensions with threatening messages,” said CIBanco. “As happened during his first term, markets must once again be prepared for sometimes very destabilizing comments, which generate volatility,” he added.
For now, investors’ attention is focused on the publication on Friday of a long-awaited report in the United States on non-farm payrolls for December.
Stock market rises 0.35%
The benchmark S&P/BMV IPC stock index rose 0.35% to 49,807.96 points, on a day of reduced liquidity due to the closure of the US markets as a sign of mourning for the death of former president Jimmy Carter.
The Diablos Rojos baseball team plans to carry out a capital increase and a split of its shares at a rate of 100 for each after its stock market debut at a price of 1,650 pesos, said the president of the company’s board, Alfredo Harp.
Lee: Diablos Rojos’ debut on the stock market will attract more stations, trusts Harp Helú
Harp, who is one of the wealthiest men in Mexico, declined to offer details about the transactions during a press conference after the “bell ringing” ceremony that marked the beginning of securities negotiations on the Mexican stock exchange.
In the secondary debt market, the 10-year bond yield fell 11 basis points to 0.11%, while the 20-year rate rose three basis points to 10.65%.
With information from Reuters
Follow us on Google News to always stay informed
