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The dollar weakened after the Federal Reserve’s decision

Mexico City. As expected by global economic agents, the United States Federal Reserve (Fed) kept its reference rates unchanged and continued to delay the long-awaited first rate cut.

Given this scenario, the dollar weakened globally, depreciating 0.55 percent, to 105,520 units, according to its DXY weighted index, which measures the behavior of the US currency against a basket of six international currencies.

Given this, the Mexican peso strengthened in international operations, given that the Mexican financial markets were closed this Wednesday for Labor Day, at levels of 16.99 units per dollar.

U.S. stocks were mixed on Wednesday as investors digested comments from Federal Reserve Chair Jerome Powell after the central bank held interest rates steady at its latest policy meeting.

The S&P 500 and the Nasdaq fell 0.34 and 0.33 percent, respectively, to 5 thousand 18.39 points and 15 thousand 605.48 points; while the Dow Jones rose 0.23 percent, to 37,903.29 units. All three indices lost significant gains at the end of the volatile session.

But stocks rose noticeably after Powell said “the next policy move is unlikely to be a rate hike,” but those gains faltered in the final hour of trading.

Oil prices fell more than three percent on Wednesday, losing ground for the third consecutive session on hopes of a ceasefire agreement in the Middle East and rising crude inventories and production in the United States, the main global consumer.

Brent crude futures closed down $2.89, or 3.3 percent, at $83.44; while US West Texas Intermediate (WTI) crude futures lost $2.93, 3.58 percent, to $79.


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– 2024-05-05 01:08:54

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