The Mexican peso closed the session on Wednesday, March 15, with a loss of 2.04% or 37.9 cents, to quote around 18.98 pesos per dollar, affected by the risk aversion environment in the global financial market, due to speculation that it could a banking crisis in Europe and the United States.
Gabriela Siller, general director of economic analysis at Banco Base, said that, during the session, the dollar strengthened 0.88% according to the weighted index, as its demand as a refuge increased. In the broad basket of main crosses, the most depreciated currencies were: the Hungarian forint with 3.30%, the Chilean peso with 2.77%, the Czech crown with 2.61%, the Colombian peso with 2.13%, the Norwegian crown with 2.09% and the Swiss franc with 2.05%.
Nervousness focused on risks for Credit Suisseafter doubts arose about the quality of its financial statements, at the same time that the main shareholders refused to support the bank in case it required liquidity.
The uncertainty also affected the Mexican Stock Exchange (BMV), which closed today with a loss of 1.15% in its main indicator, dragged down by the banking sector.
“The biggest losses were in the banking sector, with falls in the share prices of “Banregio (-7.30%), Banorte (-4.77%) and BanBajío (-4.57%)”, pointed out the economic analyst at Banco Base, Alfredo Sandoval.
On the other hand, Wall Street closed this Wednesday in mixed territory and the Dow Jones Industrials, its main indicator, it lost 0.87% in a new volatile day in which the New York parquet was affected by the fall in the shares of the Credit Suisse bankwhich weighed down all European banks and intensified doubts about the strength of the banks.
At the close of operations, the Dow Jones subtracted 280.37 points, up to 31,875.03 and the selective S&P 500 left 0.70% or 27.36 whole points, up to 3,891.93.
For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose a slight 0.05% or 5.9 units, to 11,434.05.
After the respite on Tuesday, in which the bank shares rebounded after several days of nerves due to the interventions of the Silicon Valley Bank and Signature Bank, this Wednesday, The financial sector was once again punished by investors when they saw the effects of the crisis on European banks.
With information from EFE.
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