The Mexican peso: collateral victim of the geopolitical drama
Ah, Monday. That day when we all come back to reality after a weekend of pretending the world isn’t on fire. And today, the Mexican peso decided to add to the drama with a depreciation of 0.28%, closing at 19.23 per dollar, because what better way to start the week than with a financial roller coaster?
According to Bloomberg (those wise men with numbers), the Mexican currency reached a maximum of 19.29 units before plummeting, as if it were the rating of a Netflix series after a weak third season. The reason? The escalation of tensions in the Middle East after the United States attack on Iran’s nuclear facilities. Because, of course, what could go wrong?
The dollar puts on the crown (again)
While the peso cries in a corner, the dollar index appreciates 0.58%, because the greenback always finds a way to win, like that friend who always arrives late but still gets a table at the restaurant. The euro and the pound, on the other hand, are like us after paying the rent: in free fall (0.49% and 0.43%, respectively).
But not everything is tragedy. bitcoin, that cryptocurrency we all love to hate and hate to love, rose 0.4%, proving once again that it is more resilient than our excuses for not going to the gym.
Wall Street and the rest of the world: a controlled disaster
Global stock markets are more confused than us choosing what to stream. With a negative bias after the attack on Iran, the Dow Jones fell by 0.03%, while in Europe the Euro Stoxx 600 fell by 0.37%. Asia, for its part, closed mixed: the Nikkei lost 0.13%, but the Han Seng rose by 0.67%, because someone had to oppose it.
And speaking of being contrary, WTI oil (that liquid that moves the world and our gasoline bills) fell 0.5%, because the fear of a supply interruption fades faster than our motivation in January. Of course, industrial metals rise, while precious metals fall, because in this economy even gold has bad days.
What’s next? More uncertainty, of course
Investors are as attentive to Iran’s response as we are to the next chapter of our favorite series. Will they close the Strait of Hormuz? Will there be more attacks? Will oil go up? These are the questions that keep the markets more nervous than an influencer without filters.
Meanwhile, on Wall Street futures point to a mixed opening, because in this game no one wants to fully commit. And you, have you already reviewed your portfolio or do you prefer to continue pretending that money does not exist?
Did you like this meme-flavored financial summary? Share it on your networks and continue exploring more content that explains the economic chaos without boring you to tears. #SurvivingMonday
