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.
The fact is that, after the campaign closings, several media point to the advance of Democratic candidate Joe Biden (the vote by mail vote could consider a higher scrutiny), so the scenario of caution persists pending more information.
On foreign exchange, the dollar starts the day with a depreciation of 0.57% (strong at the beginning of November), awaiting economic data and progress in the U.S. electoral process.
Thus, the dollar starts the day with strong downward pressures in the main crosses of the foreign exchange market.
In the case of the Mexican peso, an appreciation of 0.83% (a depreciation from last week of -0.7%, and compared to the October close a decline of -0.1%), $21.20, awaiting little economic data, but attentive to the electoral developments in the US.
Prior to the opening of the markets, the euro against the dollar appreciated 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 agenda, although with less optimism ahead of possible mobility closures. for the COVID-19 pandemic.
Exchange market analysts highlighted that investors' 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.
