Mexico City. The Mexican peso closed the week with a decrease of 1.18 percent, its worst weekly performance since mid-January. After starting the week at a level of 16.33 dollars – the highest value since November 2015 – the Mexican currency fell and ended at 16.65 units per dollar. In wholesale operations, the peso registered … Read more
Oil prices rebounded to their highest level in five months – Brent closed above $90 a barrel – driven by fears of an attack by Iran following a military operation attributed to Israel against it and the possibility of a disruption. in the supply of crude oil. At the same time, gold – considered a … Read more
Gold prices rose today, Wednesday, to near record highs as the growing threat of an escalation of conflict in the Middle East, prompting investors to to a precious metal as a safe haven. A short-term decline in the value of the US dollar and US Treasury bond yields also contributed to supporting gold prices. Gold … Read more
The possibility of avoiding an escalation of the conflict between Israel and Iran emerges in the financial markets, as demonstrated by the prices of oil, one of the most sensitive assets to this conflict, and the moderate movements in the exchange and stock markets. . At the opening of American markets, the Mexican peso shows … Read more
Pressure to increase prices due to high oil prices and exchange rates Bank of Korea: “Exchange rate threat is lower than before” Ministry of Trade, Industry and Energy inspects crude oil supply and export logistics Foreign exchange authorities suggest intervention when exchange rates soar Won painting that doesn’t work hard The won-dollar exchange rate is … Read more
Mexico City. The peso against the dollar concluded the last day of the week at 16.46 units per greenback, its best level since November 2015. Throughout the week, the national currency had a gain of one percent, since at the close of Monday the exchange rate reported by the Bank of Mexico (BdeM) ended the … Read more
In addition to restricting China’s access to chip manufacturing facilities, the US is also making efforts to move chip manufacturing back to the US. In recent decades, chip manufacturing has largely shifted to Asia. To make this happen, the Biden administration is subsidizing chip-making giants like Intel, TSMC and Samsung to build factories in the … Read more
Mexico City. The less accommodative policy of the United States Federal Reserve (Fed) that discounts the market and the relaxation of geopolitical tensions give impetus to investors taking positions in risk assets. At the opening of the American markets, the Mexican peso extends its gains against the dollar, showing an appreciation of 0.57 percent, to … Read more
Mexico City. As a result of the growing bets of lower interest rate cuts in the United States and the caution of the Bank of Mexico, the Mexican peso continued its winning trend against the dollar, appreciating 0.75 percent this Monday, equivalent to 12.32 cents. , to close at 16.3368 units per spot dollar, a … Read more
Mexico City. After finishing a profitable first quarter of the year, the financial markets return from the long rest period for Easter with optimism and maintain their positive movements in the first day of April. At the opening of the American markets, the Mexican peso extends its winning streak against its US counterpart. The Mexican … Read more