He Mexican peso trades in the early hours of Thursday to the downside in response to the expectation of investor analysis due to recent comments by the president of the Federal Reserve; as well as the job offer that fell in February above what was forecast by economists.
The exchange rate is listed at 17,970 pesos per dollar, with a downward variation of 0.05% compared to Wednesday, according to data from the Bloomberg agency.
This variation of the Mexican peso advanced 0.80% to 17,945 units per dollar and the main stock index S&P/BMV IPC, which makes up the 35 most liquid companies in the local market, added 0.18% to 53,165.91 points.
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Stock and currency markets Latin America traded with a profit on Wednesday, rebounding from the previous day’s depreciation, but investors remained cautious on the second day of the Federal Reserve chairman’s appearance in Congress.
As reported by the Reuters Agency, the markets were also digesting data such as US private payrolls, which increased more than expected in February; as well as another job offer that fell above what was expected by economists.
In this line, Jerome Powell, the president of the Fed, had his second presentation before Congress yesterday, after on Tuesday he anticipated a path of tougher rate hikes, which would begin soon, reported Reuters.
Source: Gestion
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