The weight broke on Thursday a streak of eight sessions with profits, but remains at its best level since July 2024.
The peso retreated before the strength of a dollar driven by the most recent cut of the reference rate of the Federal Reserve of the United States (Fed), while the Mexican Stock Exchange (BMV) also receded at the end of a day marked by a dire return of the Nutrisa firm to the share market.
The dollar was 18,3805 pesos, a depreciation of 0.34% for the national currency compared to the previous day, according to Banxico closing data.
The depreciation of the peso occurred along with the strengthening of the US dollar of 0.42% according to the weighted index, base said.
“The progress of the dollar is due to a correction after yesterday the Federal Reserve cut the interest rate in 25 base points and sent the signal that they could make a total cut of 50 base points before the end of the year,” the financial group explained in a report.
Earlier on Thursday, the Labor Department reported that the number of Americans who submitted new applications for unemployment benefits descended last week, but the labor market has stopped by reducing both the demand and the supply of workers.
In Mexico, the Prime Minister of Canada, Mark Carney, arrived in the capital during the morning and met with the president Claudia Sheinbaum, within the framework of a two -day visit to weed the bilateral ties and search for a common front in commercial conversations with the United States.
The leading S&P/BMV IPC share index, which integrates the 35 most liquid companies in the Mexican market, yielded 0.46% to 61,312.73 points in the end of the session, on its second consecutive day of descent.
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“We foresee that (the bag) maintain the descending bias, after failing to overcome the resistance located in the 62,490 integers. In this context, the support I could face is at 61,000 points.
We suggest taking profits with a short term profile, ”said Banorte in an analysis note.
In the secondary debt market, 10 -year bonus yield rose 6 base points to 8.62%, and the 20 -year rate increased 9 bp to be 9.22%.
With Reuters information.
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