The peso appreciated after three sessions in a row with falls, in a day marked by a greater appetite for risk assets and the global retreat of the dollar, after the optimism aroused by the profile of the next Secretary of the Treasury of the United States and other factors international.
The dollar stood at 20.2833 pesos at the close, which meant an appreciation of 1.02% for the national currency, according to Banxico data.
The election of Scott Bessent by Donald Trump is seen as something positive by the markets, which were however impacted by the fall in oil prices, in view of a possible pact between Israel and Lebanon that would end the conflict with Hezbollah, and the decline in the value of several precious metals.
In Mexico, investors were preparing for the publication this week of the quarterly report and the minutes of Banxico’s most recent monetary policy decision to have clues about future reductions in the key rate.
Read: Peso starts week with gains favored by a decline in the dollar; BMV advances
“Despite the appreciation of the peso, technical indicators show that the upward trend for the exchange rate persists, as it continues to trade sustainably above the support of 20.20 pesos per dollar,” Banco Base said in an analysis note. .
Monex estimated that the forecast of fewer operations due to the Thanksgiving holiday on Thursday could favor the peso.
“It will be key to evaluate geopolitical escalations, which reduce the attractiveness of emerging currencies, in addition to new appointments from Trump’s cabinet,” added the financial group.
BMV gives up 0.43%
The benchmark S&P/BMV IPC stock index fell 0.43% to 50,215.62 points, in line with the fall of the previous week, although in the first hours of the session it moved positively.
The shares of Grupo Televisa led the losses of the session, with 5.11% less to 7.98 pesos, followed by those of the mining company Industrias Peñoles, which fell 4.26% to 292.55 pesos.
Lee: Peso and BMV culminate week of losses; Expectations of an appreciation of the Mexican currency decrease
Grupo México shares fell 2.63% to 100.01 pesos, after the international price of gold fell more than 2.5% and that of spot silver fell 3.1%.
In the secondary debt market, the 10-year bond yield fell five basis points to 9.94%, while the 20-year rate fell six basis points to 10.26%.
With information from Reuters
Do you like to get informed through Google News? Follow our Showcase to have the best stories
