The weight backed on Tuesday after having advanced to its best level since August 20, while investors remain attentive to news about tariff negotiations between the United States and China.
In the afternoon, the United States Secretary of Commerce, Howard Lutnick, said that conversations with Beijing were going well and that he expected them to end Tuesday night, although he also said they could extend until Wednesday.
The exchange rate was at 19,0668 pesos per dollar, which meant a depreciation of 0.13%for the national currency, after four thread sessions with profits, according to Banxico closing data.
The eve, the dollar closed at 19,0424 pesos, the best level for the national currency since August 29, according to data from the Central Bank.
Lee: peso has a better level against the dollar since August 20
The look of investors was also aimed at the publication on Wednesday of an expected inflation report in the United States, which could offer new clues about the next steps of the US Central Bank.
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“A slight acceleration is anticipated both in the general and the underlying. If the above is confirmed, in a solid economic growth environment, the Fed could find more arguments to maintain the reference rate without changes for longer,” said Invex Grupo Financiero.
In Mexico, a report published on Monday showed a strong rebound in inflation, even so, the market expects Banco de México to cut its key rate at half a percentage point this month.
The referential shareholding index S&P/BMV IPC closed preliminary at 58,090.61 points, with an advance of 0.48%.
The titles of the OMA Airport Group led the increases, with 2.82% more than 253.62 pesos, followed by those of the CEMEX cement that added 2.40% to 13.23 pesos.
In the debt market, the primary yields of the Treasury Certificates (CETES) registered mixed changes in the weekly auction of government values. The CETE 28 -day referential rate was placed by 8.10%, without changes against its previous auction.
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The Central Bank reported that this week will auction up to 15,000 million pesos in 10 -year bonds through the syndicated placement system and carry out a debt instrument exchange
With Reuters information
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