The weight descended this Tuesday for third session in a row, amid the nervousness of the markets by the United States negotiations for tariffs imposed on imports and after a local gross fixed investment figure.
Investors also expect the decision on Wednesday of the Federal Reserve (FED) on monetary policy and, although they do not expect changes in interest rates, they are attentive to the clues they could take for the next meetings.
The peso quoted in 19,7640 per dollar, with a loss of 0.40% compared to the reference price of Monday.
“Today, the peso is affected by the weak local fixed investment report, while worldwide tensions persist and investors have less confidence about the Mexican currency.” Monex said.
Read more: Weight goes back in the middle of a new Trump tariff threat
BMV falls before waiting for the Fed monetary policy
The Mexican Stock Exchange (BMV) fell slightly after the first businesses on Tuesday, while investors are looking for lights on commercial negotiations for US tariffs and waiting for the Fed decision.
The leader S&BMV IPC index, which brings together the most negotiated actions of the domestic market, lowered 0.1% to 55,780.98 points, shortly after the opening.
“We foresee (that) a profits will prevail, an eventual breakdown of the 55,300 integers would detonate a negative technical signal. In this sense, the next level of support that could be searching is located in the 54,700 points. On the other hand, the 56,500 integers will act as resistance. The MACD indicator manifests signals of exhaustion,” said Banorte.
The titles of the Bottling Ark Continental led the setback, with a decrease of 1.04% to 206.98 pesos.
With Reuters information
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