He Mexican peso opened higher, after recording its biggest daily loss since June 2022 due to nervousness about the financial health of the banking sector USA.
The exchange rate is listed at 18.6559 pesos per dollar, with a growth compared to Tuesday’s closing of 18,599, according to data from the Bloomberg agency.
After the Latin American stock markets registered a mixed close on Tuesday, with the attention of the agents turned to news from the US bank to learn about the guarantees offered by the Government after the fall of the Silicon Valley Bank (SVB).
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Most of the currencies and stock markets in Latin America registered losses on Monday, amid greater aversion to risky assets, due to concerns about the repercussions that the bankruptcy of Silicon Valley Bank (SVC) could have on the financial system. .
Stress indicators in financial markets began to flicker on Monday as the bankruptcy of lender SVB sent investors rethinking the outlook for US interest rates and triggered the biggest bond avalanche since at least 2008.
The startup-focused bank last week became the biggest bank to fail since the 2008 financial crisis, sending shockwaves through global markets.
Source: Gestion
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