The Mexican currency broke the floor of 18 pesos, trading around 17.99 units per dollar wholesalewhich means an appreciation of 0.52% or 9 cents compared to the previous day, according to information from Bloomberg.
After Banco de México increase its main interest rate by a quarter of a percentage point to reach an all-time high of 11.25%, The peso has been strengthening against the dollar to reach its strongest price since last March 8 when it closed at 17.97 units.
Yesterday, Thursday, the parity paused for consolidation, after having established lower sequential lows and highs for four days in a row. The short-term technical floor is at the psychological level of 18 pesos, Monex specialists comment.
The Dollar Index, which compares the behavior of the US currency against the other six main world currencies, dawns with an appreciation of 0.2 percent. The euro falls 0.3% against the greenback, while the pound gains 0.06 percent
Bitcoin, the currency with the largest assets in the cryptocurrency market, fell 2.0%, maintaining little investor appetite.
On the last day of operations of the first quarter of 2023, generalized increases are observedalbeit modest in the main stock indices, while caution remains among investors, who continue to weigh recession risks.
This is how the stock markets wake up
The futures of the stock markets in the United States anticipate a positive opening. In Mexico, the IPC could continue to consolidate above 54,000 points after the previous close at 54,199 units.
In Asia, the markets closed higher, the Nikkei gained 0.9% and the Han Seng advanced 0.5%, while in Europe the stock markets show positive movements, where the Euro Stoxx 50 operates with an advance of 0.5 percent.
The price of US WTI oil, a reference for the Mexican mix, advances 0.8%, as the disruptions in Iraqi production persist.
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