Dollar opens lower at 18.30 pesos after US inflation data

The Mexican currency in international markets opens this Friday at 18.30 pesos per dollar, which means an appreciation of 0.67% or 12 cents compared to the previous day, according to information from Bloomberg.

In the overnight session, the exchange rate showed volatility with a bearish bias. Today, the peso cuts yesterday’s decline and recovers ground against the dollar, driven by a weakness in the American currency after knowing the consistent decrease in inflation in the United States.

However, the volatile environment caused by market uncertainty surrounding the transition of the next Mexican government persists, commented specialists from the Monex financial group.

The dollar index, which compares the performance of the US currency against the other six major currencies in the world, opened with a depreciation of 0.5%. The euro rose 0.03% against the greenback, while the pound gained 0.07%.

Bitcoin, the currency with the largest assets in the cryptocurrency market, advances 0.6%, maintaining investor appetite.

Superweight

At the end of the week, global stock markets present mixed movements, maintaining a certain resilience after receiving economic data from the United States and mainly yesterday’s presidential debate.

Likewise, the PCE inflation figures showed a slight deceleration, in line with what the market expected. Therefore, the comments of the members of the Federal Reserve will be key, providing signals to the market of possible movements in the federal funds rate.

On the corporate front, Nike shares fell on expectations of a 10% drop in revenue for the quarter.

On Wall Street, futures for the main stock indicators point to a positive opening, with the Nasdaq gaining 0.24% standing out.

In Europe, the stock markets are showing mixed movements, with the Euro Stoxx 50 trading with a decrease of 0.32%, while in Asia the markets closed higher, with the Nikkei gaining 0.61% and the Han Seng 0.12%.

The price of US WTI oil, the reference for the Mexican mix, advances 0.27%, outlining its third consecutive week of gains with the latest sessions supported by a greater geopolitical premium and expectations of tighter supply and demand balances.