Reuters.- The peso interrupted this Tuesday morning a streak of three falls that took it to its worst level since the end of August, while the market awaits the announcement of monetary policy from the Federal Reserve (Fed) of the United States on Wednesday, especially signs on the times of a reduction of stimuli.
The local currency is trading at 20.0592 per dollar, a gain of 0.39% compared to 20.1376 in the Reuters reference price on Monday.
Global markets stabilized after steep declines the day before, but fears of a default continued to haunt China Evergrande Group, despite efforts by its president to boost confidence in the real estate giant.
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Financial markets were expecting a possible intervention from Beijing to stop any domino effects in the global economy.
“Investors will pay full attention to the start of the Fed’s monetary policy meeting, and to the eventual measures that the Chinese government will employ in the real estate sector,” Monex financial group said in a report.
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