fed interest rate

Mexico City. Awaiting the most anticipated publication of the week, the official United States employment report for March, the dollar maintains its weakness and the increase in oil prices takes a truce.

At the opening of the American markets, the Mexican peso extends its strength against its US counterpart, appreciating 0.11 percent to operate at 16.6160 units per dollar, consolidating levels not seen since the end of 2015.

For its part, the dollar index, the DXY, which measures the behavior of the US currency against a basket of six international currencies, depreciated 0.29 percent, to 103,700 units.

Highlighted at the opening was the publication of the number of people who applied for unemployment benefits in the United States, which increased by 11 thousand, from the upwardly revised value of the previous week of 212 thousand, to 221 thousand in the week that ended on December 30. March.

It is the highest amount in two months, placing it well above market expectations of 214 thousand. The result suggested a departure from a prolonged period of low initial claims records and contrasted with the strong jobs report released by the ADP yesterday, suggesting that tightness in the US labor market may be absorbing some of the delayed impact of high rates. of interest, explained analysts.

The labor market is, along with inflation, one of the variables most monitored by the Federal Reserve (Fed) when setting its monetary policy, hence the importance of the symptoms of strength or weakness that are reflected in the job creation figures. jobs that will be published tomorrow, Friday.

The data will be known in the middle of the process of reviewing the expectations of lower interest rates by the Fed, due to the firmness of the US economy and the inflationary tensions that the price of oil has once again generated in recent days.

Oil prices take a breather, after reaching five-month highs, and decline this Thursday despite constant fears over a lack of supply.

The price of oil consolidates its highs on the edge of the $90 barrier. The barrel of Brent clearly exceeds $89, compared to $85 for the West Texas type barrel, the benchmark in the United States, a day after OPEC+ complied with the expected script and decided to keep its production cuts unchanged.

Brent fell 0.08 percent to $89.29 and WTI lost 0.12 percent to $85.34 per barrel.

US stock markets have a positive opening after initial claims for US unemployment benefits rose more than expected last week.

The Nasdaq rose 0.91 percent, while the Dow Jones and the S&P 500 advanced 0.42 and 0.69 percent, respectively.

For its part, the Mexican Stock Exchange advances 0.83 percent, to 57 thousand 974 points, heading again to the levels of 58 thousand integers.

In Europe, the stock markets closed in mixed territory, despite the fact that the Services PMI of most European countries was better than expected in March, especially that of Germany, which entered the expansion zone by rising from 46.3 to 50.1 points, the Eurozone Services PMI rose from 50.2 to 51.1 units.