Today Monday August 26th, Claudia Sheinbaum Pardopresident-elect of Mexico, named a Victor Rodriguez Padilla like the new general manager of Mexican Petroleum (Pemex), what the Mexican peso is performing well against the US dollar.
The doctor Victor Rodriguez Padilla arrives as the relief of Octavio Romero Oropeza in front of Pemex, who thanked the president-elect of Mexico for the opportunity to hold this position.
For its part Claudia Sheinbaum highlighted Rodríguez Padilla’s careerwhom he has known since his Physics degree at the National Autonomous University of Mexico (UNAM), and stressed that he knows the Pemex field very well, in addition to having a PhD in Energy Economics.
This is how the Mexican peso looked before the appointment of Victor Rodriguez Padilla as head of Pemex
Prior to appointment of Victor Rodriguez Padilla As the new CEO of Pemex, the Mexican peso had lost ground to the US dollar.
At the opening of the markets today, Monday, August 16, the exchange rate was quoted at 19.2338 units against the dollar, thus facing a depreciation of 0.85% compared to the 19.0718 pesos that the Bank of Mexico (Banxico) had reported on Friday, August 23.
According to an analysis by Grupo Monex, this depreciation was caused by the local nervousness for the reform of the judiciary after considering the confirmation of the call “overrepresentation” in the Chamber of Deputies of Morena and allies.
Another factor that could have affected the Mexican peso, but that comes from abroad is the conflict that is lived in Middle East.
Although Monex also announced this week that the markets with keep alert to the US PCE inflation figures and to Banxico quarterly reportto assess the “monetary policy narratives of both central banks.”
Following the appointment of Victor Rodriguez Padilla as head of Pemex, the Mexican peso appreciates against the dollar
Despite all these scenarios, after the appointment of Victor Rodriguez Padilla to head Pemex was announced, Mexican peso appreciated against the dollar.
Reaching 19.3345 units with an advance of 0.61% and rising to +0.117 this Monday, August 26.
Mexican peso appreciates against the dollar after Pemex appointment (Especial)
In his acceptance speech, Rodríguez Padilla stated that will seek to work with investments abroad from Mexico and assured that Pemex It is a strong parastatal despite media reports that it is declining.
Claudia Sheinbaum announces Victor Rodriguez Padilla as director of Pemex (especial)
2024-08-27 00:14:30