Reuters.- The Mexican peso lost marginally this afternoon after two sessions with gains and write down on the eve your best session in more than three months, and after the publication of the minutes of the last monetary policy meeting of the local central bank.
The bag, meanwhile, won hand in hand with his peers in New York and other positions with the focus on the corporate reporting season for the third quarter.
The peso was trading at 20.55 per dollar near the close of the session, with a loss of 0.02% compared to 20.5475 in the Reuters reference price on Wednesday.
The peso appreciated 1.1% on the eve of a decline in the dollar after higher-than-expected figures for inflation in the United States and that Federal Reserve minutes confirmed a prompt reduction of stimuli. It was his steepest advance since July 2.
The governing board of Banco de México said, according to its minutes, that the local inflation continues to be threatened by external pressures on prices and bottlenecks in production. Banxico decided two weeks ago to raise the benchmark interest rate by 25 basis points to 4.75%, and revised its inflation forecasts upwards.
“The document is surprising for its hawkish tone as it reflects a greater concern about the results of inflation and a more entrenched inclination towards sustained increases in the reference rate,” said financial group Monex in a report.
Meanwhile, Mexico’s benchmark stock index, the S & P / BMV IPC, rose 0.63% to 52,140.24 points with a volume of 169.5 million securities traded.
Wall Street’s major indices advanced after strong quarterly corporate results that helped investors look away from inflation concerns.
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