The Mexican peso falls 1.10% after a solid US labor report

The Mexican peso depreciated 1.10 percent yesterday amid a global advance in the dollar following the release of solid employment figures in the United States, reinforcing expectations that the Federal Reserve (Fed) will maintain a cautious approach to reducing interest rates. interest this year.

In wholesale operations, the exchange rate closed at 20.72 pesos per dollar, a depreciation of 22 cents for the Mexican currency compared to the previous day, marking its fourth straight day of losses and with it a weekly decline of 5 cents ( 0.25 percent), also affected by concerns about the implications of Donald Trump’s next term, which begins on January 20.

In the morning, the peso weakened to 20.7520, one of its worst levels so far in 2025, after the US labor report. The day’s agenda was light but relevant, in which the non-farm payrolls report in the United States stands outsaid Monex Grupo Financiero, in an analysis note.

Meanwhile, the main indicator of the Mexican Stock Exchange (BMV) fell 0.42 percent and closed at 49,596.70 points. Still, it ended the week with a gain of 1.31 percent.

The BMV followed the trend of Wall Street, where the main indices lost and the Standard and Poor’s (S&P) 500 erased its 2025 gains, hit by the report of the generation of 256 thousand jobs in December and a decrease in the rate unemployment in the United States.

The Dow Jones and the Nasdaq technology index lost 1.63 percent, and the S&P 500 lost 1.54 percent.

Petroprices rise more than 3%

Oil prices rose to their highest level in three months, as traders braced for supply difficulties due to a broader package of sanctions that the United States imposed on Russian crude and gas revenues.

Brent gained $2.84 (3.69 percent) to $79.76 a barrel; The US WTI added 2.65 dollars (3.58 percent) to 76.57 dollars and the Mexican export mix rose 2.65 dollars (3.85 percent) to 71.46 dollars per barrel. During the week, Mexican crude oil accumulated an advantage of 2.95 dollars (4.30 percent).