Mexico City (Reuters) – The peso depreciated on Thursday due to a generalized revaluation of the dollar after the dissemination of solid retail sales figures and unemployment subsidy applications in the United States.
The currency quoted in 18,8180 units, with a loss of 0.61% compared to the LSE reference price on Wednesday, when it benefited from a decline of the US currency before versions of a possible soon dismissal of the Fed Chief, Jerome Powell, which were denied.
They also highlighted in the session comments of the governor of the American Central Bank Adriana Kugler, who said that the monetary entity should not cut the interest rates “for some time” as the impact of tariffs begins to have an impact on consumer prices.
For the rest of the day, the weight is expected to oscillate in a range of 18.73 to 18.93 per dollar, according to the Banco Base firm.
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BMV starts positive day and investors evaluate 2T data
The Mexican Stock Exchange (BMV) advanced this Thursday by third consecutive session after the dissemination of solid figures from the US economy, while investors evaluated the first reports of the season of corporate results of the second quarter.
The leader S&P/BMV IPC share index rose 0.39% to 56,721.07 points, with an accumulated return of 0.65% in the last three days.
The titles of the Bottling Ark Continental, the second largest in Coca-Cola in Latin America, earned 1.70% more at 194 pesos, after making known an increase in its quarterly net utility.
On the other hand, the Walmart retailer papers of Mexico sink 5.65% to 54.29 pesos after disclosing a weak results report on the eve.
With Reuters information
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