The euro fell 0.6% against the US currency on Monday, to $1.0724, its lowest level since January 9, after falling 1% on Friday. The euro remains close to the 10-month high of $1.1034 reached last week.
“Friday’s Nonfarm Payrolls number cemented the likelihood of another 25 basis point hike and reduced the chances of an eventual rate cut later in the year, sending equities lower and the greenback higher said John Doyle, vice president of operations and trading at Monex USA.
The losses were led by the Colombian peso, which depreciated 1.98% to 4,791 units per dollar, its weakest level in a month, due to the external trend and the caution of investors before the Government resumes its agenda of economic reforms in Congress, including the National Development Plan, an initiative to modify the health system and another to change the pension system.
In the Colombian stock market, MSCI COLCAP stock index closed 0.4% higher at 1,268.49 points.
The Chilean peso lost 1.4% and closed at 805.20/805.50 per dollar, also pressured by a drop in the price of copper, the country’s main shipment. While, the leading index of the Santiago Stock Exchange, the IPSA, fell 0.5%to 5,285.62 units.
Copper prices fell to four-week lows on Monday as doubts about a recovery in demand, US-China tensions and a stronger dollar triggered a sell-off.
the mexican peso traded at 19.1477 units per dollar in foreign operations, with a retracement of 1% compared to Friday’s close. The country’s stock market remained closed due to a holiday on Constitution Day.
The Brazilian real depreciated 0.3%to 5.1654 units per dollar, while the Bovespa index of the Sao Paulo B3 stock exchange rose 0.2%, to 108,715.33 points.
In Argentina, the peso fell 0.6%, to 189.10/189.12 per dollar in depreciation regulated by the central bank, while the Merval stock index rose 1.8%to 243,607.59 units, in a selective market of operations and led by the improvement in energy shares.
“The good forecasts for the oil sector with Vaca Muerta at the helm keep YPF shares on their bullish path,” said a trader.
The Peruvian currency, the sol, depreciated 0.2% to 3,846/3,847 units per dollar. Meanwhile, the referential of the Lima stock market rose 0.2% to 577.12 points.
Source: Ambito
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