Mexico City.- The peso was located again below 19 units per dollar, driven by a better atmosphere for risk assets after President Trump announced on the eve a high fire between Israel and Iran.
The dollar was quoted on Tuesday at 18,9930 pesos, an appreciation of 0.80% for the national currency compared to the previous session, according to Banxico closing data. The weight did not close below 19 units since June 2.
On June 11, the peso had already broken the floor of the 19 units per dollar, level at which it did not close since August 20, according to data from the Central Bank.
Lee: The peso returns to the level of the 18 units per dollar
The session was also marked by statements by the Federal Reserve Chief, Jerome Powell, in which he reiterated that the US Central Bank needed more time to study the impact on Trump’s tariff policies prices.
The Monex Financial Group stood out in a report that the DXY dollar index operated on negative land and closed with a 0.47% depreciation compared to the previous closure.
“The peso was driven by the temporal resolution of geopolitical conflicts, an aspect that implied less nervousness in the markets, in addition to the weakness of the dollar in the day,” he said.
“Towards the Overnight, we would expect the weight to oscillate in a range between $ 18.94 and $ 19.07, considering the bearish trend of the exchange rate and a fairly modest agenda tomorrow, waiting for the second part of Powell’s appearance against Congress,” he added.
Despite the truce, both nations accused each other of raping it. Israel bombed on Tuesday an objective close to Tehran, despite a furious reprimand of the American president, for launching air attacks hours after agreeing on a ceasefire with Iran.
In Mexico, inflation figures were made known that they kept intact the prospects that Banxico will cut its key rate at a percentage point in their announcement scheduled for Thursday.
Trepa bag 1.15%
The referential stock index S&P/BMV IPC traced 1.15% to 56,743.28 points, after falling on the eve at its lowest level in a month and a half.
In their seventh consecutive earnings session, the TV Grupo titles led the increases, with 4.05% more than 9.50 pesos, their highest closing level since November last year.
The Walmart Papers of Mexico were the seconds with the best performance of the day by ascending 3.39% to 63.05 pesos.
Lee: S&P near maximum record when cooled tensions in the Middle East
The company reported on Monday that in its next shareholders assembly of July 8 it will propose changes in its Board of Directors.
In the debt market, the primary yields of the Treasury Certificates (CETES) descended at the weekly auction of government values in most of its deadlines, waiting for the Bank’s decision of Mexico this week.
The CETE 28 -day referential rate was placed at 8%, 14 base points below its previous auction.
With information from Francisco Rivera and Reuters
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