The peso appreciated this Wednesday after weakening to levels not seen since mid-September, in the day before the publication of the inflation report in the first half of October.
Analysts anticipate that although the general consumer price index would have rebounded during the first half of October, core inflation would continue to moderate, reinforcing the prospects that the central bank would continue to cut its key interest rate.
The currency appreciated 0.62%, trading at 19.8234 units per dollar at the close of the session, according to Banxico data.
During the day it depreciated almost 0.75% to 20.0960 units, its worst level since September 11 according to Reuters, due to growing bets on a victory for Donald Trump in the US elections in November.
In the morning it was announced that retail sales slowed down in August to 0.1% compared to the previous month, reported the statistics institute, while at an interannual rate they fell 0.8%.
Lee: Peso declines due to a global strengthening of the dollar; Alsea shares fall on the BMV
Mexican Stock Market gives up 0.43%
The benchmark S&P/BMV IPC stock index fell 0.43% to 52,142.13 points, in its third consecutive day of losses.
The shares of the restaurant operator Alsea led the decline, with 5.22% less to 50.84 pesos, followed by those of Grupo Aeroportuario del Centro Norte, which dropped 4.55% to 161.15 pesos.
In the debt market, the central bank placed 25,000 million pesos in an extraordinary auction of Bondes F at 357, 728 and 1,064 days.
With information from Reuters
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