Weight, the ‘defensive’ for fear of Brexit – The Financial

MEXICO CITY The dollar spot ret oma its upward trend on Thursday, although in a moderate way, when operating at 18.98 units, situation involving for a decrease of 0.10 weight percent, based on Bloomberg data at 8:40 local time.

the edge of 10:50 local time, the dollar bank counter, sold at 19.28 pesos, above the 19.18 reported by Banamex at the end of the day yesterday.

the respite given to the Mexican currency by the decision of the Federal Reserve of the United States (Fed ) to implement an even more gradualist policy increases in the cost of money, seems to be resulting ephemeral.

the attention of participants in the foreign exchange market moves rapidly Fed to the developments related to Brexit.

the Mexican currency back following the warnings issued by the Central Bank of the United Kingdom of a yes to Brexit, what is adds a further drop in oil prices and increased demand for the dollar in the international market.

As was widely expected the central bank of UK dropped by 0.50 percent to its rate reference, but warned of negative consequences for the economy of a favorable out of the European Union vote.

the tension caused by the Brexit continues to cause a realignment in the international currency market, which favors demand for currencies like the dollar and the yen as safe haven assets.

the index measures the performance of the dollar against a basket of six currencies increased 0.76 percent.

The yen rises to 1.80 percent to 104.12 units, supported largely by the decision of the Bank of Japan to keep its policy unchanged stimuli.

The strong yen is not good news for the Japanese economy, a situation that remains latent possible intervention of the authorities to stop their strength.

The weakness of oil prices also adversely affects the Mexican currency.

the West Texas Intermediate crude decreased 3.46 percent to $ 46.38 a barrel, while Brent down 3.4 percent at $ 47.29.

the figures in the US labor market and the behavior of inflation, das released today in the United States reflect a good margin of maneuver for the Fed to continue to maintain its policy of cheap money for a long time .

the exchange rate of the peso to the dollar is important that respects 19.03 units in the wholesale market, otherwise the weak peso could deepen.