Weight yields slightly after weak employment figures in the US • Forbes Mexico

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Mexico City, (Reuters) .- The peso backed slightly on Friday after the publication of weak employment data in the United States, in a session also marked by the imposition of President Donald Trump of strong tariffs to several of its commercial partners.

The non -agricultural payrolls of the United States added 73,000 jobs in July, after 14,000 in June, a fact that was reviewed down. Economists consulted by Reuters had predicted an increase of 110,000 jobs in the period.

The currency quoted at 18,8905 per dollar, with a depreciation of 0.10% compared to the LSE reference price on Thursday, although during the day it briefly advanced just over 0.60%.

“Private employment shows signs of caution in the face of economic uncertainty,” said Valmex Casa de Bolsa. “We reinforce our expectation that the Fed makes an accumulated cut of 50 base points in 2025, before a weaker labor market and greater commercial uncertainty,” he added.

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At the local level, Banco de México will have its decision next week and the market expects to moderate the rhythm of its cuts to the key interest rate.

Forward the perspectives suggest that the weight could give some land.

According to a survey published Friday by the Central Bank, the currency would close the year in 19.80 units, with a loss around 5% compared to its current levels, although the expectation is better than 20.13 per dollar anticipated in its survey last month.

In the Chicago Mercantile Exchange the speculative positions in favor of an appreciation of the Mexican peso increased for the second consecutive week.

The referential shareholding index S&P/BMV IPC yielded 0.87% to 56,900.07 points.

Lee: Mexican Stock Exchange Closes Julio with a slight fall of 0.09%

The CEMEX titles led the setback, with 4.01% less than 15.81 pesos, followed by those of the Grupo Carso conglomerate, by the magnate Carlos Slim, which subtracted 3.71% to 129.54 pesos.

In the secondary debt market, the 10 -year bonus yield fell 30 base points to 9.14%, while the 20 -year rate decreased 25, to 9.79%.

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