The peso backed down this Thursday after registering its greatest daily gain since the end of March 2020, while investors evaluated a report that showed an unexpected drop in US consumer prices in March.
The peso quoted at 20,4590 per dollar, with a depreciation of 1.2% compared to the LSE reference price on Wednesday, when 3.1% encouraged by Donald Trump’s decision to temporarily suspend its reciprocal tariffs on several nations, with the exception of China.
The attention was put in the dissemination later on the day of the Minute of the Monetary Policy of March of Banco de México (Banxico), when he cut the key rate at half a percentage point and said that in his next decisions he could consider reductions of similar magnitude.
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BMV falls 0.79%; CEMEX was the most affected company
The Mexican Stock Exchange (BMV) retreated in its first negotiations on Thursday for a benefits after registering its greatest daily gain in five years.
The leader S&P/BMV IPC index, which brings together the most negotiated actions of the local market, fell 0.79% to 52,113.41 points. Wednesday shot 4.39%.
The titles of the cemex cement company headed the decline, with 2.85% less than 10.55 pesos, followed by those of the continental Ark bottling company, which remained 2.84% to 208.51 pesos.
With Reuters information
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