The Mexican peso maintained the ‘good mood’ it had before Christmas and closed the day on December 26 with an appreciation of 0.13% or 2.2, trading at around 16.99 pesos per dollarr, with the exchange rate touching a maximum of 17.0160 and a minimum of 16.9440 pesos per greenback.
Gabriela Siller, director of economic analysis at Banco Base, said that the appreciation of the peso was a consequence of a weakening of the US dollar of 0.23%, according to the weighted index, as the market continues to speculate that the Federal Reserve will begin to cut the rate of interest in March.
During the day, the most appreciated currencies were: the Colombian peso with 1.22%, the Brazilian real with 0.82%, the Norwegian crown with 0.80%, the South Korean won with 0.66%, the Polish zloty with 0.53% and the Swedish crown with 0.48 %. It should be noted that the three most appreciated currencies were driven by the increase in the price of oil, as WTI advanced 2.24% and closed at $75.21 per barrel, due to tensions in the Red Sea.
While the most depreciated currencies today were: the South African rand with 0.86%, the Chilean peso with 0.44%, the Israeli shekel with 0.33%, the Turkish lira with 0.33% and the Malaysian ringgit with 0.22%.
On the other hand, Wall Street closed this Tuesday in green and its main indicator, the Dow Jones Industrial Average, rose 0.43%, continuing the good streak of recent weeks.
At the close of trading on the New York Stock Exchange, the Dow Jones stood at 37,545 points. The selective S&P 500 grew 0.42%, up to 4,775 units.
The index closed Tuesday’s session near record levels, less than 1% below its all-time high, closing at 4,797 points, set in January 2022.
The Nasdaq index, in which large technology companies are listed, rose 0.54%, to 15,075 points.
Operations on Wall Street began this Tuesday, after the Christmas holiday, and are close to concluding a year on the rise, after the S&P 500 recorded its eighth consecutive weekly advance on Friday and its longest streak since 2017. The Dow Jones and the Nasdaq also recorded their eighth week of gains.
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