The Mexican stock market and peso gain, after the Fed's aggressive decision

The Mexican peso and the Mexican stock market were revalued this Wednesday, after several days in decline, after the United States Federal Reserve (Fed) raised your key interest rate at 75 basis points to curb a spike in inflation.

Fed Chairman Jerome Powell also said in a post-decision press conference that another three-quarter point or half-point increase would be “most likely” the appropriate result of the next meeting of the central bank at the end of July.

The Mexican peso was trading at 20.21 per dollar near the end of business, with a appreciation of 1.77% against the reference price of Reuters Tuesday’safter four losing sessions, on track to post his best day since March 9.

In the previous four sessions, the peso weakened 5.21 percent.

The benchmark stock index of the Mexican stock market (the S&P/BMV) rose 0.37 percent to 48,344.97 points, ending a streak of five continuous days of losses in which it accumulated a drop of 3.94%.

The shares of the pharmaceutical company Genomma Lab Internacional led the advance, with a gain of 4.98 percent, more at 20.04 pesos, followed by those of the retailer Wal-Mart de Mexico, which added 3.60 percent at 69.04 pesos.

In the debt market, the 10-year bond yield fell seven basis points to 9.24 percent, while the 20-year rate fell 21 basis points to 9.14 percent.

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