The weight and the BMV retreated dragged by a weak environment for risk assets after President Donald Trump accused China of having violated an agreement on tariffs.
In the mood of investors, the decision also weighed on the eve of an American court to restore rates driven by the president, a day after a trade court had ordered to block them.
The currency quoted at 19,4304 units almost at the end of the businesses, with a depreciation of 0.62% compared to the reference price of LSE on Thursday. Even so, in May, a return of 0.9%accumulates its fifth consecutive month of profits.
The session was also marked by an expected report of the United States PCE inflation, while in Mexico the labor market figures were announced.
“The weight is affected by several fronts,” said Monex Financiero, in an analysis note. “Towards the ‘overnight’, we foresee a range between 19.33 and 19.52, considering the strengthening of the dollar and the caution around the local electoral process of Sunday,” he added.
Lee: Sheinbaum trusts that there will be ‘important’ participation in Sunday’s judicial election
Mexico will go to the polls on Sunday to choose between about 5,000 candidates competing for more than 840 positions of federal judges and magistrates, including all the ministers of the Supreme Court of Justice, in the first judicial elections in the history of the country.
The referential shareholding index S&P/BMV IPC fell 1.32% to 57,841.69 points, its second day of losses after having advanced its historical maximums in the week.
The decline was headed mainly by signatures of the magnate Carlos Slim: the titles of the Carso group guncasted 5.75% to 123.33 pesos, followed by those of the Inbursa Financial Group that subtracted 4.38% to 48.90 pesos.
Lee: Trump announces that steel tariffs will rise from 25 to 50%
In May, however, the stock market added a performance of 2.8%, also in its fifth continuous month of profits.
In the debt market, the Central Bank announced that it plans to offer up to 35,000 million pesos on Wednesday (about 1.8 billion dollars) in Treasury Certificates (CETES) and Bondes F through an extraordinary auction of governmental values.
With Reuters information
Follow us on Google News to always keep you informed
