



By Noe Torres
MEXICO CITY (Reuters) - After two years of record outflows of foreign capital, Mexico's economy bounced back in 2022 in large part due to attractive yields compared to other destinations, though some analysts doubt last year's performance will set a new trend.
A major factor will be Mexican borrowing costs, as the central bank is expected to end a bullish cycle of rate hikes.
Mexico's government debt market attracted 73.5 billion pesos ($3.9 billion) last year in foreign capital, following a drop of 515 billion pesos in 2020 and 2021, according to official data released on Tuesday.
Last year, the amount of government debt in foreign hands increased nearly 5% to reach 1.71 trillion pesos - the largest percentage increase since 2014.
International demand grew after the central bank, known as Banxico, sped up interest rate hikes in a bid to tackle inflation. Mexico's early tightening of monetary policy outpaced other nations and boosted the peso. The currency was up 5% in 2022 versus the U.S. dollar.
Banxico has increased its benchmark rate by 650 basis points since June 2021, raising it to a record 10.5% - well above yields for U.S. government debt of between 4.25% and 4.50%.
"For this year, we believe that differential will hold, although not necessarily through the whole year," said Juan Rich, analyst with brokerage Ve por Mas.
Banxico will likely decouple its rate policy from the U.S. Federal Reserve in coming months, Rich added.
Some analysts argue the pace of capital flows into Mexico this year will probably depend on investor appetite for riskier assets even despite a narrower rate differential with the Fed.
But even as Latin America's second-biggest economy is seen benefiting from less restrictive monetary policy this year, stubborn inflation combined with meager growth could tame expectations.
"I don't see a lot of additional money coming in," said CI Banco analyst Jorge Gordillo.
($1 = 19.0601 Mexican pesos)
EUR/USD
1.0909
+0.0023 (+0.21%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (2)
EUR/USD
1.0909
+0.0023 (+0.21%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (2)
GBP/USD
1.2652
+0.0031 (+0.24%)
Summary
NeutralMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (2)
Sell (4)
USD/JPY
147.79
-0.41 (-0.27%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (0)
AUD/USD
0.6625
+0.0020 (+0.30%)
Summary
BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (2)
Sell (2)
USD/CAD
1.3538
-0.0024 (-0.18%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
EUR/JPY
161.22
-0.14 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (0)
EUR/CHF
0.9535
+0.0006 (+0.06%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (7)
Gold Futures
2,042.90
+4.80 (+0.24%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (1)
Sell (2)
Silver Futures
25.410
+0.117 (+0.46%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (0)
Copper Futures
3.8662
+0.0127 (+0.33%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
Crude Oil WTI Futures
75.52
-0.44 (-0.58%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (2)
Sell (5)
Brent Oil Futures
80.30
-0.15 (-0.19%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (8)
Natural Gas Futures
2.803
-0.005 (-0.18%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (4)
Sell (3)
US Coffee C Futures
185.65
+12.95 (+7.50%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (9)
Sell (1)
Euro Stoxx 50
4,381.15
+10.62 (+0.24%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
S&P 500
4,567.80
+17.22 (+0.38%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
DAX
16,215.43
+48.98 (+0.30%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
FTSE 100
7,453.75
+30.29 (+0.41%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (3)
Hang Seng
16,930.00
-98.50 (-0.58%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
US Small Cap 2000
1,807.15
+3.34 (+0.19%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (10)
Sell (0)
IBEX 35
10,058.20
-4.40 (-0.04%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (7)
BASF SE NA O.N.
42.685
-0.290 (-0.67%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
Bayer AG NA
31.36
+0.69 (+2.25%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Allianz SE VNA O.N.
230.60
-0.40 (-0.17%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Adidas AG
192.14
-0.58 (-0.30%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
Deutsche Lufthansa AG
7.980
-0.040 (-0.50%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (0)
Siemens AG Class N
154.00
+1.12 (+0.73%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Deutsche Bank AG
11.426
+0.154 (+1.37%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
EUR/USD | 1.0909 | ↑ Buy | |||
GBP/USD | 1.2652 | Neutral | |||
USD/JPY | 147.79 | Buy | |||
AUD/USD | 0.6625 | Buy | |||
USD/CAD | 1.3538 | ↑ Sell | |||
EUR/JPY | 161.22 | ↑ Buy | |||
EUR/CHF | 0.9535 | ↑ Sell |
Gold | 2,042.90 | Neutral | |||
Silver | 25.410 | Neutral | |||
Copper | 3.8662 | ↑ Buy | |||
Crude Oil WTI | 75.52 | Sell | |||
Brent Oil | 80.30 | ↑ Sell | |||
Natural Gas | 2.803 | Neutral | |||
US Coffee C | 185.65 | ↑ Buy |
Euro Stoxx 50 | 4,381.15 | ↑ Sell | |||
S&P 500 | 4,567.80 | ↑ Buy | |||
DAX | 16,215.43 | ↑ Sell | |||
FTSE 100 | 7,453.75 | Buy | |||
Hang Seng | 16,930.00 | ↑ Sell | |||
Small Cap 2000 | 1,807.15 | ↑ Buy | |||
IBEX 35 | 10,058.20 | ↑ Sell |
BASF | 42.685 | ↑ Sell | |||
Bayer | 31.36 | ↑ Buy | |||
Allianz | 230.60 | ↑ Buy | |||
Adidas | 192.14 | ↑ Sell | |||
Lufthansa | 7.980 | ↑ Buy | |||
Siemens AG | 154.00 | ↑ Buy | |||
Deutsche Bank AG | 11.426 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,250/ 7,350 (0/ 0) # 1,340 |
SJC HCM | 7,240/ 7,360 (0/ 0) # 1,350 |
SJC Hanoi | 7,240/ 7,362 (0/ 0) # 1,352 |
SJC Danang | 7,240/ 7,362 (0/ 0) # 1,352 |
SJC Nhatrang | 7,240/ 7,362 (0/ 0) # 1,352 |
SJC Cantho | 7,240/ 7,362 (0/ 0) # 1,352 |
Cập nhật 01-12-2023 09:25:07 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,041.69 | -2.97 | -0.15% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.680 | 24.150 |
RON 95-III | 22.990 | 23.440 |
E5 RON 92-II | 21.790 | 22.220 |
DO 0.05S | 20.190 | 20.590 |
DO 0,001S-V | 21.590 | 22.020 |
Dầu hỏa 2-K | 21.110 | 21.530 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $75.54 | +0.24 | 0.00% |
Brent | $80.21 | +0.16 | 0.00% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.070,00 | 24.440,00 |
EUR | 25.775,65 | 27.190,95 |
GBP | 29.895,03 | 31.168,03 |
JPY | 159,60 | 168,95 |
KRW | 16,15 | 19,58 |
Cập nhật lúc 09:20:50 01/12/2023 Xem bảng tỷ giá hối đoái |