Mexico City. High interest rates for longer continue to resonate through the markets. Pending new announcements and new reactions to geopolitical events, the dollar resumes its gains this Thursday.
At the opening of the American markets, the Mexican peso operates with a depreciation against its US counterpart of 0.51 percent, to operate at around 17.0414 units per dollar.
Traders discount that the United States Federal Reserve (Fed) will cut interest rates less and later than anticipated, which has kept the dollar strong internationally.
According to the DXY index, which measures the behavior of the dollar against a basket of six international currencies, the US currency appreciates 0.10 percent, to 105,875 units.
Adding to the comments of Jerome Powell, president of the Fed, Loretta Mester, president of the Cleveland Fed, commented that there is no need to rush to cut the interest rate.
The increase in weekly crude oil inventories in the United States known yesterday and hopes of a de-escalation between Iran and Israel deflated oil prices 3.0 percent yesterday. The barrel of Brent hardly finds any stimulus for advances, and today it repeats near 87.22 dollars, compared to the 82.75 dollars at which the West Texas type barrel, the reference in the United States, is quoted, whose price in the morning is mixed.
Initial claims for unemployment benefits in the United States remained unchanged at 212,000, below the 215,000 forecast.
The record of new highs since October in debt interest gives way to stabilization. The required yield on the 10-year US bond is currently trading at 4.625 percent.
Thus, Wall Street starts with gains, awaiting financial reports, such as Netflix’s this session, and investors’ attention will be on the number of subscribers.
The Mexican Stock Exchange, for its part, is trading with a gain of 0.78 percent, at 55,850 points.
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– 2024-04-25 10:37:51
