Most Latin American currencies closed with gains on Fridayin the midst of a slight global drop in the dollar and less aversion to risky assets, as a result of the news of an advance in the negotiations in the United States to raise the public debt ceiling.
However, the growing expectations of a possible new rise in interest rates by the Federal Reserve after the latest data on the world’s leading economy, put a share of uncertainty in the markets.
The dollar index, which measures the greenback against a gray of six major currencies, fell around a slight 0.03%, but remained near two-month highs.
The Mexican peso was trading near the close at 17.6279 per dollar, with a gain of 1.2% against Thursday’s Reuters reference price. Over the course of the week, it added a return of 0.4%. The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, rose 0.39% to 53,952.42 units.
Meanwhile, Mexico’s economy grew in the first quarter slightly below what had been preliminarily estimated, amid a weak performance of agricultural activities, which was offset by services and manufacturing.
The Brazilian real appreciated 0.9%, to 4.9900 units per dollarwhile the Bovespa index of the B3 stock market in Sao Paulo rose 0.6% to 110,762.49 points.
The Minister of Finance, Fernando Haddad, affirmed on Friday that Brazil is about to enter a cycle of low interest rates, noting that inflation is “more behaved” and that the exchange rate remains stable at a level lower than the start of the government.
In addition, The Chilean peso rose 1.05% to 799.80/800.10 per dollar but, during the week, it accumulated a setback of 0.41%. Meanwhile, the leading index of the Santiago Stock Exchange, the IPSA, fell 0.2% to 5,609.21 units.
The Colombian peso appreciated 1.22% on Friday to 4,438 units per dollar, with which it accumulated a rise of 2.1% in the week. On the stock market, the MSCI COLCAP stock index ended up 0.22% at 1,100.97 points.
The Peruvian sol ended the session with a decline of 0.54% to 3.6750/3.6770 units per dollar. While the referential of the Lima Stock Exchange added 0.58%, to 535.81 points.