During the first presidential debate in the United States between Donald Trump and Joe Biden, the Mexican peso rose as it depreciated to 18.57 units per dollar. Gabriela Siller, director of Banco BASE, commented that the Mexican peso would continue on a losing streak in the event of a possible Trump victory.
Gabriela Siller tweeted that the peso continues to depreciate as the likelihood of Donald Trump winning the November elections increases, due to the fact that the current president, Joe Biden, continues to have erratic episodes, indicating that he might not endure another presidential term.
Performance of Other Currencies Around the World
The specialist reported that the FTSE 100 in London fell by 0.56%, the CAC 40 in France decreased by 1.03%, and the DAX in Germany rose by 0.30%. In Mexico, the IPC of the Mexican Stock Exchange ended with a loss, with notable declines in Banregio, Banco del Bajío, and Grupo Aeroportuario del Centro.
In contrast, the companies with the highest gains were Quálitas Controladora, Arca Continental, and ALSEA. Specialists ensure that the main index of the Mexican Stock Exchange recorded its second consecutive decline, falling by 0.3% and standing at 52,311 points.
The Mexican Stock Exchange (BMV) lost 0.3% in its main indicator, closing at 52,310.96 units, returning to negative territory in a session with mixed results globally. This is its third negative result in the last five sessions. During the session, the peso depreciated by 0.24% against the dollar, trading at 18.41 units per dollar, compared to 18.36 the previous day, according to data from the Bank of Mexico.