Peso falls on the tenth day of the US government shutdown; BMV rises

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The peso depreciated this Friday on the tenth day of the partial closure of the US government, in a market with its sights set on the comments of several Federal Reserve (Fed) officials at different public events.

The peso was trading at 18.4070 per dollar, with a loss of 0.11% compared to the LSEG reference price on Thursday.

“In the absence of an agreement between Republicans and Democrats on the debt ceiling, the US government is in its tenth day of closure, calling into question the publication of the inflation data scheduled for October 15,” Grupo Financiero Ve por Más said in an analysis note.

Throughout the day, Fed authorities Austan Goolsbee, Alberto Musalem and Mary Daly are expected to speak about current economic events at various events.

You may be interested: The government shutdown generates a blackout of employment data, but Wall Street affirms that the figures are discouraging

BMV begins the day with a slight rise

The Mexican S&P/BMV IPC index began the day with a slight rise of 0.42%, reaching 61,077.75 points at the beginning of the trading session. This advance represents a positive turn compared to the 1.12% decrease recorded the previous day, which shows a lack of defined trend in the short term.

In the weekly balance, the indicator accumulates a drop of 1.46%, although it maintains a year-on-year growth of 22.73%. Currently, the S&P/BMV IPC is 2.92% below its annual maximum (62,915.57 points) and 24.76% above its lowest level of the year (48,957.24 points).

With information from Reuters

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