Dollar price opened lower at 19.47 pesos wholesale

The Mexican currency opened at around 19.47 pesos per dollar on international markets, which represents an appreciation of 1.24% or 25 cents compared to the previous day, according to information from Bloomberg.

During the overnight session, the exchange rate was volatile with a downward bias. Today, the peso is correcting part of the decline of previous sessions, when it was affected by a greater possibility of approval for constitutional reforms and an increase in the perception of risk in the markets, explained specialists from the Monex financial group.

At the local level, Banxico will publish today the quarterly inflation report, which will provide a more robust view of the disinflationary process.

The dollar index, which compares the performance of the US currency against the other six major currencies in the world, opened with an appreciation of 0.59%. The euro fell 0.68% against the greenback, while the pound lost 0.38%.

Bitcoin, the currency with the most assets in the cryptocurrency market, fell 3.7%, losing the appetite of investors.

Mixed movements in international markets

Global stock markets are mixed after a clear optimism in previous sessions. Caution remains in place awaiting the second revision of the US Gross Domestic Product for the second quarter, which will be released on Thursday.

On the corporate front, a crucial day is expected for the markets, which are keeping an eye on Nvidia’s quarterly report, which will be published at the close of the day.

Additionally, Apple announced the departure of its CFO Luca Maestri and the dismissal of approximately 100 employees.

On Wall Street, futures for the main stock indicators point to a negative opening, with the Dow Jones falling 0.4% in particular.

In Europe, the stock markets are showing divergent movements, with the Euro Stoxx 50 trading with an advance of 0.5%, while in Asia the markets closed mixed, with the Nikkei gaining 0.22% and the Han Seng losing 1.02%.

The price of US WTI crude oil, the benchmark for the Mexican blend, fell by 1.5%. Supply disruptions in Libya are still being considered, and weekly inventories are being reported in the United States today.