Mexico's IPC fell 0.67% to 65,698 on Monday, breaking below its year-long range toward its long-term line as a strong dollar and fading US rate-cut hopes pressured the region.
Key Facts
The IPC fell 0.67% to 65,698 on Monday June 8 — closing near the low and extending a slide from above 70,000.
It broke below its year-long range of roughly 66,275 to 68,242 and is now testing its long-term line.
A strong dollar drove the region, the same wave that hit Brazilian and Colombian stocks.
Friday’s hot US jobs report set the tone, lifting yields and dimming hopes of US rate cuts.
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