The exchange rate Ascended on Tuesday in Mexico The peso depreciated for the second day in a row, while awaiting a major US employment report this week that will provide clues about the future of the Federal Reserve’s economic stimulus program.
today is dollar price It was trading at 20.5141 in the Mexican market, up 0.17% from Monday’s price. Reuters reported that the Mexican peso has accumulated a decline of 0.42% in the past two sessions.
“Market attention is focused on September non-farm payrolls.”said Gabriella Seiler, Head of Analysis at Banco Base. “Data that beats expectations will reinforce speculation that the Federal Reserve will announce a cut in its bond-buying program starting in November.”
Analysts also noted that continuing concerns about the fate of the Chinese real estate giant Evergrande are weighing on investor sentiment, as oil prices continued to rise, after the OPEC + bloc decided to maintain its production plans rather than increase supplies.
On the other hand, the Mexican Stock Exchange (BMV) was operating with profits on Tuesday. The benchmark S&P/BMV IPC rose 0.17% to 50,948.34 points at 12:36 am local time.
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Grace Montgomery writes for News Collective, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.