2024-04-22 21:12:33
A counteroffensive Israel when responding to attacks Iran the parity of the exchange rate skyrocketed by placing it at 18.13 units per dollar for a few moments.
An analysis of Base Bank He explained that 78% of peso transactions are related to speculation, not the real economy.
“When there is fear like yesterday, investments fly to assets that are considered a refuge such as the dollar,” he explained. Gabriela Siller Pagazadirector of financial analysis at Base.
Minutes after the losses weight He returned around 5:50 p.m.
You might be interested in: Israeli attack on Isfahan airport and an air base in Iran reported
Siller added that the depreciation that the superweight faced was 3.6% where a decrease of 1% or more is considered significant.
Prior to Israel’s attacks in response to Iran’s offensive last weekend, the Mexican currency fluctuated around 17.07 pesos per dollar.
It fell 0.65% or 11 cents, with the exchange rate touching a minimum of 16.9209 and a maximum of 17.1696 pesos per dollar.
The depreciation occurred in tandem with the strengthening of the US dollar by 0.14%, according to the weighted index and was due to comments from Federal Reserve officials.
The president of the New York Fed, John Williamssaid that there is no rush to reduce the interest rate and mentioned that, although an increase in rates is not expected, that would be possible if the data justify it to reach the 2% inflation goal.
For his part, the president of the Fed de Minneapolis, Neel Kashkaristressed that they must be patient in cutting the interest rate until they are convinced that inflation is heading towards the 2% objective, which could be up to 2025.
Williams and Kashkari’s comments are considered extremely restrictive and are due to the fact that the economic activity of USA remains strong, Siller noted.
You might be interested: Mexico confirms expropriation of French hydrogen plant
Initial US jobless claims for the second week of April stood at 212,000, unchanged from last week’s level and below the market expectation of 215,000.
Base projected a decline in the markets on Friday and perhaps the weekend following the aversion generated by Israel’s attacks on Middle Easte.
He did not rule out that the currency could return to the level of 18 pesos due to the current conditions in the financial markets.
At the close of this edition, the markets Asians The first indicators opened with losses.
LEO
Related
2024-04-22 21:12:33