English

Mexican peso slightly up against US dollar in view of spike in oil prices

Peso closed at 19.2955 per dollar, up 0.39% compared to last Friday

Photo: EL UNIVERSAL Archives
03/10/2016 |16:28Newsroom |
Redacción El Universal
Pendiente este autorVer perfil

Both the Mexican peso and the Mexican Stock Exchange made gains on Monday as a result of the recent spike in oil prices, which closed at over 50 dollars a barrel for the first time since August in view of the optimism generated by OPEC's agreement to cut oil production.

The Mexican peso closed at 19.2955 per US dollar, up 0.39% compared to last Friday, which closed at 19.372 pesos per US dollar.

After a shaky week, the Consumer Price Index closed at 47,601.93 units, an increase of 356.13, thanks in part to gains reported by issuers such as América Móvil, Televisa and Grupo Financiero Banorte.

Newsletter
Recibe en tu correo las noticias más destacadas para viajar, trabajar y vivir en EU

The Mexican Stock Exchange closed at 6,743 million pesos; 53 issuers reported gains, 58 reported losses and 10 reported no changes.