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The Mexican peso made modest gains on Tuesday, recovering from early losses as markets digested new data showing strength in the U.S. economy. According to Banco de México, the peso closed at 20.2952 per dollar, up 0.07% from Monday’s close of 20.3096.
The currency traded in a range between 20.3969 and 20.2634 pesos per dollar throughout the day.
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Read more: Mexican Peso Inches Up After Strong Rally
Write comment (96 Comments)The Ibovespa, Brazil’s main stock market index, extended its gains from the previous session, climbing over 2% in two trading days. This surge comes after a period of market pessimism at the end of the year.
The index closed up 0.95% at 121,162.66 points, as reported by Money Times. The US dollar continued its downward trend against the Brazilian
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Read more: The Brazilian Stock Market Rebounds: Ibovespa Surpasses 121,000 Points
Write comment (96 Comments)The Valor Econômico reports that oil costs have rebounded, closing greater after a technical correction in the previous session. This upturn ended a streak of five consecutive sessions of gains.Market perception suggests that the cold front in the United States will likely increase demand for heating fuel. Financiers are also concerned about the
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Read more: Oil Prices Rebound as Cold Weather Boosts Heating Fuel Demand
Write comment (94 Comments)Gold prices climbed on Monday, breaking a two-day losing streak. Investors sought the safe-haven asset amid uncertainties surrounding President-elect Donald Trump’s tariff policies.
The February gold contract closed up 0.68% at $2,665.4 per troy ounce on the Comex division of the New York Mercantile Exchange. The market is assessing potential US
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Read more: Gold Rises as U.S. Tariff Policy Uncertainty Looms
Write comment (99 Comments)Donald Trump revealed a major investment plan from the United Arab Emirates. The president-elect announced a $20 billion deal for data centers across the United States.
This news came during a press conference where Trump emphasized the importance of artificial intelligence in data centers. The investment comes from DAMAC Properties, a UAE-based
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Read more: Trump Announces $20 Billion UAE Investment in US Data Centers
Write comment (95 Comments)The Brazilian genuine ended Tuesday's trading session with minimal changes versus the United States dollar. The greenback closed at R$ 6.1056, a minor reduction of 0.14%. This followed fluctuating listed below R$ 6.10 throughout the day as financiers adjusted their positions and responded to statements from Finance Minister Fernando Haddad.The dollar's performance r
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Read more: [Brazil] - Dollar Closes Near Stability at R$ 6.10 Following Haddad's Remarks
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