The peso was trading stable this Tuesday, amid a stability of the dollar in external markets, awaiting employment and inflation data this week in the United States that could give clues about the path of the Federal Reserve’s (Fed) monetary policy.
The peso was trading at 18.2852 per dollar, with a gain of 0.08% compared to the LSEG reference price on Monday.
“The peso begins the session with a slight appreciation. The US dollar also operates almost unchanged, showing an appreciation of 0.03%, according to its weighted index. This happens after yesterday the dollar hit a minimum not seen since November 14,” said Banco Base.
Markets were awaiting a speech in the evening from Fed Chairman Jerome Powell, but he did not refer to monetary policy.
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BMV starts lower on Tuesday
Regarding the Mexican Stock Exchange (BMV), the Price and Quotations Index (IPC) stood at 63,551 points, with a marginal decrease of -0.07% compared to the previous close.
This decline responds to the prudence of investors in the face of mixed data in the international economy and the wait for monetary policy announcements.
With information from Reuters
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