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The peso recovered some ground on Friday. Only a little. The oil price has bottomed out and is expected to rise this year, he stated yesterday the president of the state oil company’s top oil producer, Saudi Arabia. And today, the barrel started the day at $ 31. In response, the stock exchange market and operates quietly anxiety compared with the day before.
The peso recovered slightly Friday. Photo: Cuartoscuro
-Updated 12 hours
Mexico City, January 22 (. HOWEVER) .- The dollar traded at 18.90 pesos in afternoon trading in Inbursa, 20 cents less than yesterday; Banamex was sold at 18.80 pesos and the windows of Bancomer, one in 18.76. The waters subsided slightly compared with the strong waves that have hit the Mexican currency throughout this year. The dollar fell this morning the barrier of $ 19 yesterday broke sharply and forcing the authorities concerned to submit their comments. The FIX is at 18.42 pesos.
Meanwhile, on Friday the Mexican Stock Exchange (BMV) followed in green with a variation of 1.05 percent and the NYSE its main index, Dow Jones, earned at noon 0.99 percent and the S & amp;. P a 1.69 percent
The issue of exchange rate “generates some concern” in the Mexican said President Enrique Peña Nieto from Qatar when he was at 18.90 pesos. This is a highly comprehensive and also temporary phenomenon, said Secretary of Finance Luis Videgaray Caso from Davos, Switzerland when sold up to 19.10 pesos. It should ensure greater liquidity in the markets, said the Governor of the Bank of Mexico Agustin Carstens Carstens also from Switzerland, where the World Economic Forum takes place.
The soothing today comes from the oil market. This morning the barrel was offering about $ 31 compared to the low levels of 2003 when it was exporting a few days ago. The Texas oil rose to $ 31.64 a barrel average day compared to $ 31.10 the opening, while the reference in Europe also continues in the DPB 31.
Yesterday the Mexican mix recorded a recovery of one dollar and 42 cents from the previous day and was quoted at 20.32 dollars per barrel, according to Petroleos Mexicanos (Pemex).
“After the big moves we’ve seen the low in recent weeks tend to be a corrective move in the opposite direction, “said Ric Spooner, chief analyst at CMC Markets in Sydney. “In the next couple of months a kind of moment of truth for the oil could it happen, particularly when Iran recovers its market,” he warned in an interview with Bloomberg .
Monex Grupo Financiero explained that markets internationally have positive movements driven by higher oil prices.
The oil price has recovered in the last hours in line with the stock exchanges, they had experienced sharp falls in an atmosphere of panic over the evolution of the global economy, especially China, and prolonged collapse of the black gold.
Several countries of the Organization of Petroleum Exporting Countries (OPEC), including Venezuela, are pushing for an extraordinary meeting of ministers in order to take action to stem the decline in oil prices before the oversupply.
In addition to president state oil major oil producer, Saudi Arabia, said yesterday at the World Economic Forum that the oil price has bottomed out and is expected to rise this year. The rally today is also motivated by a smaller increase than expected in American stocks, which rose last week by 4 million barrels to a total of 486.5 million.
-With information EFE.
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