The peso appreciated this Thursday due to a technical correction after weakening to levels above the barrier of 20 per dollar, while the Mexican Stock Exchange (BMV) fell marginally, after an erratic session marked by the publication of mixed figures of the American economy.
In the morning it was announced that new claims for unemployment benefits in the United States unexpectedly fell last week, while retail sales exceeded expectations in September. Another report showed that industrial production fell more than expected that month.
The peso closed at 19.8330 per dollar, with a slight gain of 0.09%, although earlier it depreciated to as much as 20.0310 units, a level not seen since September 11, pressured by growing bets of an eventual victory of Donald Trump in the American elections.
During the day he also highlighted the European Central Bank’s decision to cut interest rates for the third time this year, stating that while inflation in the euro zone was increasingly under control, the outlook for the broader economy was worsening.
With Wednesday’s rebound, the peso interrupted a streak of three consecutive days of losses in which it accumulated a decline of 3.1%, although analysts believe that in the coming weeks it could continue to be under pressure with an eye on the November 5 elections. in the United States.
Lee: Peso falls and breaks the barrier of 20 units per dollar; BMV also retreats
BMV yields a marginal 0.04%
On the other hand, the benchmark S&P/BMV IPC stock index fell a marginal 0.04% to 52,463.66 points, in a market attentive to the third quarter corporate reporting season.
In the morning, the stock market rose 0.37%.
In the secondary debt market, the 10-year bond yield rose 10 basis points to 9.88%, while the 20-year rate rose 12 to 10.20%.
With information from Reuters
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