The weight and the BMV retreated dragged by a weak environment for risk assets due to the threats and tariff measures of President Donald Trump against several nations.
Although the president agreed with Mexico and Canada Pausar for a month the rates of 25% they had announced for its imports, it maintained a 10% tax at China’s products, creating an uncertain panorama between the two largest economies in the world .
The currency quoted at 20,5928 per dollar almost at the end of the bus Your cycle of cuts to interest rates.
In Mexico, however, Banxico is expected to increase tomorrow the magnitude of the sales that he has been applying to the key rate, limiting the differential attraction that he has maintained with his American pair for years.
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“The Mexican weight remains in a delicate position, dealing with a series of both internal and external factors that exert pressure on their value,” said Quásar Elizundia, market research strategist of the Pepperstone firm.
“Despite a weakened US dollar in general terms during the middle of the week, the local currency has shown remarkable downward pressures, reflecting the complexity of the economic landscape faced by Mexico,” he added.
In the morning it was announced that the investment of companies advanced 0.1% in November compared to October, contrary to the expectations of a slight decline. However, at an annual rate, 0.7%decreased.
The data is added to a report last week that showed a contraction of GDP in the last quarter of 2024.
“The exchange rate has returned to quote on the channel between 20.50 and 20.70 pesos per dollar,” said Banco Base. “However, everything indicates that upward pressures persist, so it cannot be ruled out that the weight cotice once again above 21.00,” he added.
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BMV decoced 0.62%
The referential shareholding index S&P/BMV IPC yielded 0.62% to 51,570.19 points, in a market also with the sights set in the season of corporate results of the fourth quarter.
The Bank of Bajío titles led the losses, with 2.36% less at 47.51 pesos, followed by those of the ASUR airport operator, which subtracted 2.11% to 548.47 pesos.
In the secondary debt market, the 10 -year bonus yield descended five base points to 9.90%, while the 20 -year -old rate rose two, 10.37%.
With Reuters information
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