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The Mexican peso lost Tuesday after reaching its best level in June after a director of Banco de México stated that markets should not be shaken if the leftist candidate wins the presidential election while participants have already integrated this scenario
Meanwhile, the stock market has won at the end of a day with erratic movements near the barrier of 47,000 points. Giant cement shares CEMEX
The peso traded at 19.93 for a dollar at 15.30 local time, down 0.23%, or 4.50 cents, against 19,885 for the Reuters benchmark price Monday. During the session, the currency appreciated at 19,782 units, its best level since the end of May.
The local currency had gained ground since last week and reversed all its losses of the month.
They mentioned in a report that profits are associated with Banxico, which recently raised the benchmark rate by 25 basis points to 7.75%, and by less upward pressure on US Treasuries [19659008]. / BMV CPI, up 0.34% to 46,908.94 points, with a volume of 149.9 million shares traded
The Cemex share rose 4.29% to 13.14 pesos.
On the local bond market, paper yields at 10 and 20 years fell by six points to close at 7.68 and 7.76%, respectively.
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