The peso and the bag retreated by giving part of the profits of the previous day when statements of the president of the Federal Reserve, Jerome Powell, fueled the expectations of a feat cut in September.
The attention is now put in the publication on Friday of the preferred inflation indicator of the American Central Bank, the underlying PCE price index, while at the local level the week will be marked by the dissemination of the quarterly report of Banco de México, also on Friday.
The currency quoted in 18,6782 units almost at the end of the businesses, with a depreciation of 0.52% in the face of a generalized progress of the dollar, ending a streak of three days of profits.
“The global markets start the week with caution after Friday’s ‘party’,” wrote Jorge González, director of the Consulting Currencies and Risks, in a report for their customers.
Informate: Peso folds to a generalized rebound in the dollar
“Initial optimism cools because the doubt still persists on whether that will be the beginning of a cycle of cuts or an isolated movement,” he added.
The referential stock index S&P/BMV IPC fell 1.24% to 58,492.13 points, after having scored on Friday a new maximum level of historical closure.
The setback was headed by the titles of the Minera Industrias Peñoles, with 6.51% less than 531.01 pesos, followed by those of the Wal-Mart retail one of Mexico that subtracted 2.94% to 55.83 pesos.
In the secondary debt market, 10 -year bonus yield decreased 10 base points to 8.88%, while the 20 -year rate fell 11, to 9.55%.
With Reuters information.
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