September 17, 2019 | 1:53 pm
The Mexican peso appreciated 0.12% on Tuesday, detaching itself from the behavior of its peers in the region and despite a weak global appetite for risk due to geopolitical tensions in the Middle East.
Investor attention is focused on the Federal Reserve monetary policy decision that will be announced on Wednesday and in which a cut in the interest rate is expected, in addition to the press conference of Jerome Powell, president of the central bank from the USA
In its interbank price, the dollar ended at 19.3630 pesos, according to data from Banco de México, 2 cents cheaper than Friday.
At retail, the greenback is sold at 19.67 pesos in windows of Citibanamex, 2 cents above the previous day.
After an increase of almost 15% in the previous day, oil prices recede around 4%, after the news that Saudi oil production will return to a full volume more quickly than previously thought after the weekend's attacks on its facilities, according to two sources.
The information lessened fears about the impact that a decline in oil production would have on the world economy.
With information from Reuters
Source link
https://elceo.com/mercados/cierre-17-septiembre-peso-dolar-wall-street-bmv-espera-fed/
