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the exchange rate operated lower Monday a Mexico for the appreciation of the peso, so that it interrupted a streak of five falls, while the dollar fell after reaching a maximum of nine months last week for bets that the US Federal Reserve (Fed) will begin to reduce their stimuli this year.
today the dollar price was trading at 20.3160 pesos in the market Mexico, A lower level by 0.15% when compared to the 20.3470 units of the reference price of the previous session. Reuters reported that the dollar was depreciating against most currencies, after some doubts arose about the course of monetary policy in the United States.
Fed Chairman in Dallas Robert Kaplan, one of the strongest advocates of starting to reduce support for the world’s largest economy, said Friday that he could reconsider his view if the Delta variant of COVID-19 continues to spread rapidly.
Market participants are looking forward to this week’s meeting of central bank chiefs in Jackson Hole, alert to any signals about monetary adjustment in the United States.
In a report, Banorte noted that “In monetary policy, investors will be on the lookout for a speech by Fed Chairman Jerome Powell at the Jackson Hole Symposium. In Mexico, interest will be in the minutes of the Bank of Mexico.”.
On the other hand, the Mexican Stock Exchange (BMV) operates with gains on Monday. The S & P / BMV CPI benchmark rose 0.32% to 51,581.04 points at 8:36 local time.