The peso had its best level against the dollar since the beginning of October, while the US currency records generalized weakening after the qualification cut to the United States.
The dollar was 19,2757 pesos, an appreciation of 0.23% for the national currency and its third advance to the thread, according to Banxico closing data. It was the best level of weight since last October 4, when it remained in 19,2587 units per dollar.
“The peso benefited from the decline of the dollar, due to the little appetite of investors and the recent agitation around the adjustment of the US credit rating by Moody’s,” the Monex financial group said in a report.
“Towards the Overnight, we would expect the weight to oscillate in a range between $ 19.23 and $ 19.32, considering the trend of the dollar and the peso, waiting for the retail sales report in Mexico and the comments of some members of the FOMC (the Federal Open Market Committee of the Federal Reserve) tomorrow,” he added.
The Base Financial Group said the dollar remains weak in the face of the risks involved in the United States economy to cut the credit rating that Moody’s applied to that country.
“It should be remembered that the cut was due to the sustained increase in government debt and the absence of efforts for past governments to avoid high indebtedness,” he said in a report to the closing of the session.
He added that the weakness of the dollar led to the majority of the main crosses with the dollar gained ground in today’s session.
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The day on Tuesday was marked by the participation of Federal Reserve officials in different public events.
In Mexico, the gaze is set in the publication on Thursday of GDP figures and consumer prices, a week after Bank of Mexico cut its key rate at a half point and warned that forward could consider more adjustments of similar magnitude.
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The referential shareholding index S&P/BMV IPC descended 0.31% to 58,311.15 points, ending a streak of six continuous upward sessions that led her to approach her historical maximum of 59,020.55 units that reached last year.
The titles of the Bimbo group bakery led the setback, with 5.30% less at 55.34 pesos, followed by those of Inbursa Financial Group, which remained 2.92% to 50.47 pesos.
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In the debt market, the primary yields of the Treasury Certificates (CETES) fell into the weekly auction of government values after the cutting of Banxico.
CETE 28 -day referential performance was placed at 8.15%, 25 base points below its previous auction
With Reuters information
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