The peso and the BMV advanced after three consecutive days of losses, at the beginning of a week that will be marked by the monetary policy of Banco de México.
The market broadly expects that the Central Bank decreases the key rate in a percentage room in its announcement on Thursday, in the weak performance of the second largest economy in Latin America.
The currency quoted at 18,3556 units almost at the end of the businesses, with an appreciation of 0.19%, in the middle of a generalized decline of the dollar against a foreign exchange basket.
“It is possible that the 18.50 zone that was acting as support for parity, acts as resistance,” said Alexander Londoño, an Activotrades firm analyst. “Despite the upset in the USD/MXN, the short and medium -term bassist trend is still maintained,” he added.
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In the United States, authorities of the Federal Reserve (FED) questioned the need for new feat cuts, at a time when inflation is maintained above the 2% objective and the labor market remains close to full employment.
Both the head of the Fed of San Luis, Alberto Musalem, and that of the Fed of Atlanta, Raphael Bostic, said that, although the cutting of a quarter quarter at the meeting last week was adequate as a way to manage the risk of increasing unemployment, the reduction of inflation remains the priority.
The referential shareholding index S&P/BMV IPC rose 1.31% to 62,004.11 points, approaching its historical maximum of 62,252.13 units it reached last week.
The titles of the Minera Industrias Peñoles led the increases, with 5.94% more to 781.64 pesos, followed by those of the megacable telecommunications firm, which added 4.59% to 62.46 pesos.
In the secondary debt market, 10 -year bonus yield culminated without changes against its previous closure by 8.62%, just like the 20 -year rate that the session ended at 9.22%.
With EFE information
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