Pamela Cruz. Peninsula 360 Press.
The global stock markets show positive movementsafter validating a modest economic agenda in Asia and Europe, but awaiting further progress in the U.S. electoral process.
And the fact is that, after the campaign closings, different media point to Democratic candidate Joe Biden's advance (the postal vote could consider a greater scrutiny), so the scenario of caution persists pending more information.
On foreign exchange, the dollar is down 0.57% on Monday (remained strong at the beginning of November), awaiting economic data and progress in the U.S. election process.
Thus, Dollar Rises with Strong Downward Pressures on the Dollar in the main crosses of the foreign exchange market.
In the case of the Mexican peso, an appreciation of 0.83% was recorded. (a depreciation from last week of -0.7%, and compared to the October close a decline of -0.1%), standing at $21.20, awaiting weak economic data, but watchful of U.S. election developments.
Prior to the opening of the markets, the euro against the dollar appreciates 0.57% (compared to last week's data a depreciation of 0.6% and compared to October's close an appreciation of 0.3%), after validating little economic data.
Meanwhile, the pound appreciated 0.59%, after a modest economic docket, albeit with less optimism ahead of eventual mobility closes for the COVID-19 pandemic.
Exchange market analysts noted that investor caution has benefited the currencies of advanced and emerging economies to recover from the volatility of the past sessions that generated a sustained depreciation until today.
