It is losing more than 1% due to the measures announced against the coronavirus.
2 min read
The peso and the Mexican stock market fell on a global rise in the dollar Still those Creates uncertainty to a fiscal incentives in the US faced this Friday until the authorization period.
Analysts say the announcement of a new quarantine in the capital of Mexico due to Covid-19 resulted in a sharp increase in infections and satiety in hospitals.
He The Mexican peso closed at its worst level since Monday and the BMV lost more than 1 percent after Mexico City and the state of Mexico returned to the red light.
After the announcement, the Price and supply index (S P / BMV IPC) restored the positive trend at the beginning of the session and traded at a loss. According to the Mexican Stock Exchange (BMV), its main signal indicates a decrease in 0.33 percent, compared to the end of Thursday.
In wholesale the exchange rate reached 04/20 units closed the week before noon 19.95 pesos per dollar, a devaluation of the national currency of 0.7% or 14 cents corresponding to Thursday, according to the agency Bloomberg.
Among those who fell the most are those of Financial sector, due to a longer delay and lower demand for credit due to the new restriction. The devaluation of the peso and stock market losses are widespread in connection with the announcement of new restrictive measures for the activities in both companies with greater economic participation. Of From December 19 to January 10, 2021, only strictly indispensable population movements are allowed.
To know more: The red light is activated in CDMX and Edomex, non-essential activities are suspended