Reuters.- The Mexican Stock Exchange registered an all-time high in line with the behavior of its peers in New York, awaiting a speech from the Fed chairman at this week’s meeting of central bankers in Jackson Hole.
Meanwhile, the peso gained this afternoon at the close of a volatile session due to less concern about an early withdrawal of the monetary stimuli applied by the United States Federal Reserve.
In this sense, it was trading at 20.30 per dollar near the close of the session, with a gain of 0.22% compared to 20.35 in the Reuters reference price on Friday. The peso depreciated to 20.44 units per US currency.
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Stock market adds historical maximum and advances 1.25%
For its part, the dollar lost ground after weak indicators in the United States that suggested that the Fed is unlikely to quickly withdraw its expansionary stance.
Meanwhile, the chairman of the Dallas Federal Reserve, Robert Kaplan, one of the strongest advocates of starting to reduce support for the world’s largest economy, said towards the end of last week that he could reconsider his opinion if the Delta variant Covid-19 continues to spread rapidly.
“(Fed) officials may be more inclined to watch the data play out during the weeks leading up to the September (monetary policy) meeting before dropping any important clues,” said Craig Erlam, market analyst at OANDA.
The benchmark of the stock market, the S & P / BMV IPC advanced 1.25% to 52,054.64 points with a volume of 112.3 million securities traded. In the middle of the session, it reached a new historical maximum of 52,227.91 units.
In the debt market, the yield of the 10-year bond rose two basis points to 7.03%, while the 20-year rate added four to 7.58%.
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