The peso fell on Tuesday for the second consecutive day, while the Mexican Stock Exchange (BMV) oscillated near its record high, as investors continued to weigh the implications of the United States military operation in Venezuela.
Attention was also focused on the publication of a series of data from the US labor market this week that could be key in determining the next steps of the Federal Reserve (Fed).
The peso was trading at 17.9637 units, with a depreciation of 0.34%, at a time when the US dollar was regaining strength against a basket of reference currencies.
Markets were also digesting comments from U.S. central bank officials about the path of monetary policy this year.
Federal Reserve Governor Stephen Miran, whose term ends at the end of January, said aggressive interest rate cuts will be necessary this year.
For his part, Richmond Fed chief Tom Barkin said in an interview that rate changes will have to be “precisely adjusted” to incoming data, given the risks to unemployment and inflation targets.
Locally, the session was marked by the release of figures showing consumer confidence improved in December after three months of decline.
Peso falls for the second day; BMV, near its historical maximum
The leading stock index S&P/BMV IPC rose a marginal 0.03% to 65,032.51 points, oscillating very close to its historical maximum of 65,882.59 units recorded at the end of December.
The titles of the tequila producer Becle led the increases, with 3.37% more to 21.80 pesos, followed by those of the mining company Industrias Peñoles, which added 2.91% to 976.21 pesos.
In the debt market, the primary yields of Treasury Certificates (Cetes) decreased in the weekly auction of government securities, with the exception of the 28-day benchmark rate, which was placed at 7.07%, unchanged from its previous auction.
With information from Reuters.
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