The peso appreciated along with the price of oil, which was pressured upward by the population of OPEC’s monthly report, in which they raised the growth forecast for global crude oil demand for this year and 2024, wrote Gabriela Siller. , director of economic-financial analysis at Banco Base.
“From a technical approach, the exchange rate is in a channel between 17.55 and 17.70 pesos per dollar, due to the absence of economic indicators and relevant news,” said Banco Base analysts.
“The swing indicators suggest that the downward correction could be ending, which raises the probability of an exchange rate rebound,” the institution added.
BMV
At the stock market level, the benchmark stock index of the Mexican Stock Exchange (BMV) fluctuated during the day and closed with losses of 0.33%, at 51,090.91 points, weighed down by the aviation and airport services sector.
Oma led the stock market’s decline, with a loss of 3.96% to 130.30 pesos, and Volaris shares, which fell 3.76% to 10.74 pesos.
On the other hand, Grupo Kuo shares had an upward variation of 5% to 42 pesos, followed by Grupo Hotelero Santa Fe (4.99% to 4 pesos) and Corporación Moctezuma (4.48% to 70 pesos).