Reuters.- The Mexican peso lost on Wednesday after it was learned that the local economy expanded in the second quarter slightly below expectationsor, and the stock market advanced to a new high while the market waits for announcements about the next steps in US monetary policy.
The coin cIt was trading at 20.2453 per dollar near the close of the session, with a loss of 0.22% compared to 20.2000 from Reuters reference price on Tuesday. The peso depreciated to 20.35 units.
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Meanwhile, the benchmark local stock index S & P / BMV IPC rose 0.69% to 52,345.39 points with a volume of 123.8 million securities traded. The square reached a historical maximum of 52,381.39 points in the session, surpassing that of the previous day of 52,360.99 points.
In the debt market, the 10-year bond yield lost two basis points to 7.01%.
The Gross Domestic Product (GDP) of Mexico showed an expansion of 1.5% at a quarterly rate, according to seasonally adjusted figures released on Wednesday by the statistics institute (INEGI), the same as the preliminary data estimated at the end of July, but below the 1.7% expected by analysts in a Reuters poll.
On the other hand, the market remains awaiting the Jackson Hole symposium that begins on Friday, where it will be key the participation of the president of the Federal Reserve, Jerome Powell, who could offer clues about the schedule of tightening of the central bank’s policies.
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