Mexican currency is pressed and rose the 20 pesos per dollar


Around 5:30 p.m. in Mexico City on Sunday, the Mexican currency was under pressure due to the discussion in the Chamber of Deputies about the approval of the electrical reform sent by the federal government.

The exchange rate reached 20.0096 pesos per dollar at that time, after having remained for five consecutive days at 19 pesos per greenback.

This represented a depreciation of 1.20% or 23.72 cents. However, during the previous week it managed to accumulate an appreciation of 1.30% or 26.11 cents.

Around 8:00 p.m., the exchange rate returned to levels of 19.9700 pesos per dollar, this is an appreciation of 1.% compared to its last official closing on Wednesday of last week, which closed at 19.9724 pesos per dollar.

For their part, the main Wall Street indices began trading this week in the red. The biggest loss was obtained by the technological NASDAQ mini that fell 0.64% to a level of 13,804.50 units, followed by the S&P 500 mini with 0.32% at 4,373.50 points, while the industrial Dow Jones mini lost 0.13% to settle at 34,312 integers.

Despite not having traded on the last business day of last week, these indices accumulated declines in this period, with the largest drop being the NASDAQ Composite with 2.63%, a decline of 2.13% for the S&P 500 and 0.78% for the Dow-Jones.

The main referentials of the international crude oil market began their operations of the week in an uneven way. The West Texas Intermediate (WTI) in New York, was trading at 107.62 dollars per barrel, with a growth of 1.04%; however, the Brent, from the North Sea, fell 0.09% in the 111.23 greenbacks per unit.

Meanwhile, the previous week the main benchmarks generated gains, led by WTI with 8.84% more, while Brent increased 8.68 percent.

For its part, the Mexican export mix gained 6.06%, despite not having traded in two days due to the Easter holiday, ending at a level of 101.14 dollars per barrel.

Meanwhile, stock markets in Asia opened trading lower, with the Nikkei 225 in Japan falling 1.51% to 26,763 points and the Kospi in Korea losing 0.24% to 2,689.60 points.

For their part, precious metals traded higher the previous week. Silver and gold were placed in positive territory, since the former presented a gain of 4.16%, closing at 25.85 dollars per ounce, followed by gold, which increased 1.51% to 1,974.90 dollars per ounce.

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