Dollar close to 19 pesos, but returns to 18.76 units

While uncertainty remains in the financial markets, it is reflected in the price of the dollar, which was at 18.99 pesos, but returned to 18.76

The currency touched 19 pesos, but returned 18.76 units after knowing the inflation data in the United States, which means a depreciation of 1.04% or 19 cents compared to the previous day, according to information from Bloomberg.

In the overnight session, the exchange rate presented volatility with a bias. Today, the peso extended the upward trend of the previous session, caused by the nervousness of the markets regarding the expectations of the next Government.

However, the possibility that the Federal Reserve (Fed) makes more cuts during the year, motivated by the good inflation report in May, has been a driving factor for the correction of the peso, commented Monex specialists.

US inflation was lower than expected in May, supporting expectations that the US Federal Reserve could begin lowering rates in September.

The dollar index, which compares the behavior of the US currency against the other six main currencies in the world, dawns with a depreciation of 0.62%. The euro rises 0.78% against the greenback, while the pound gains 0.83%.

Bitcoin, the currency with the largest assets in the cryptocurrency market, advances 3.6%, maintaining investor appetite.

Positive, international markets in the face of inflation in the US and prior to the Fed’s decision

Positive bias in stock markets with investors focusing on the Fed’s decision at midday and assimilating the results of this morning’s inflation report in the United States, in a context of repeated delays in the expectation of rate cuts throughout the year .

In particular, regarding the Federal Reserve’s monetary policy decision, no changes to the current stance are expected, with attention to Jerome Powell’s comments and the update of the macroeconomic framework, including the “dot plot.”

On Wall Street, the futures of the main stock indicators point to a positive opening, highlighting the 0.8% rise in the Nasdaq.

In Europe, the stock markets present positive movements, where the Euro Stoxx 50 operates with an advance of 1.0%, while in Asia the markets closed lower, the Nikkei lost 0.66% and the Han Seng fell 1.44%.

The price of US WTI oil, the reference for the Mexican mix, advances 1.3%, extending gains with WTI as data from the American Petroleum Institute (API) point to a drop in inventories, offsetting estimates from the Department of Energy on markets with ample excess supply in this decade.

DOLLAR