The peso backed down and reversed its initial profits due to the caution of investors in the day prior to the publication of the minute of the most recent monetary policy meeting of the Federal Reserve.
In Mexico, it will also be key on Wednesday to the quarterly report of Banco de México, which will offer updates on the perspectives of the monetary authority for inflation and the country’s economy.
The dollar was 19,2683 pesos, one setback for the national currency of 0.17% compared to the previous session, according to Banxico closing data. With today’s data, the weight cut a three -day streak with profits.
“The peso behaved resilient despite the progress of the dollar, thanks to the lower commercial tensions and the optimism of investors on the Mexican economy, although it showed a lower force of the buyers at the end of the session,” said Monex Grupo Financiero.
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Analysts of Grupo Financiero Banorte believe that the currency could give some value and close the year in 20.10 units, a loss of more than 4% compared to their current levels, despite the perspective is much better than the 21.40 that previously anticipated.
“Our models suggest that weight could maintain its relative strength during the first half of the year, registering a more gradual adjustment in the second semester,” he said.
The referential shareholding index S&P/BMV IPC rose 0.23% to 58,593.83 points, after promoting in the morning to 59,735.43 units, a new historical maximum, due to the massive return of foreign participants after a long weekend in the United States.
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The titles of the insurer Quálitas led the increases, with 4.89% more than 219.92 pesos, followed by those of the pharmaceutical genomma Lab, which added 4.80% to 22.27 pesos.
In the debt market, the primary yields of the Treasury Certificates (CETES) descended at the weekly auction of government values. The cete referential rate at 28 days decreased three base points to 8.12%, its lowest level since August 2022.
With Reuters information
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