Advanced Search

LatinNews Daily - 20 September 2019

Click here for printer friendly version
Click here for full report

In brief: Mexico’s stock exchange falls 0.87%

* Mexico’s primary stock exchange, Bolsa Mexicana de Valores (BMV), has fallen 0.87%, and closed 18 September at 43,070.34 units. The Mexican peso depreciated 0.2% against the US dollar and closed the day trading at M$19.405/US$1. This fall follows the US Federal Reserve’s decision (announced on 18 September) to cut the federal funds rate target by 0.25%, to a range of 1.75%- 2%. At the close of 17 September, the BMV had risen 1.42% in a day, in anticipation of the US Federal Reserve’s decision.