Peso loses ground, has three consecutive sessions of losses

The Mexican peso depreciated for the third consecutive session on Tuesday amid a broad rise in the dollar, after a report from the United States showed a widely expected increase in consumer prices.

According to data from the Bank of Mexico (Banxico), the Mexican currency closed at 18.8188 pesos per unit, representing a depreciation of 0.48 percent.

With this result, the exchange rate recorded its third day of losses against the dollar, accumulating a depreciation of 1.08 percent.

The peso's depreciation is occurring alongside a 0.41% strengthening of the US dollar, according to its weighted index, reaching a record high not seen since June 23.

The dollar's strength was driven by the release of U.S. consumer inflation, which stood at a monthly rate of 0.29%, accelerating from May's figure (0.08%) and marking the highest monthly inflation rate since January.

Wall Street, mixed

Meanwhile, Wall Street's major indices closed Tuesday's trading mixed. The Nasdaq reached new highs, boosted by NVIDIA, while its peers fell as the market absorbed inflation figures.

The Dow Jones Industrial Average, which represents the stocks of 30 stock market giants, fell 0.98% to 44,023.29 points, while the S&P 500, which represents the most valuable companies, lost 0.40% to 6,243.76 points. The Nasdaq Composite technology index advanced 0.18% to 20,677.80 points.

It was the fourth session out of five in which the Nasdaq index closed at a record high, and the eighth since June 27.

Artificial intelligence chip leader NVIDIA was the main driver of the Nasdaq's gains after unveiling plans to resume sales of its H20 semiconductor to China.

NVIDIA shares gained 4.01% to $170.65, reaching a market capitalization of $4.17 trillion. of dollars.

Meanwhile, Bitcoin retreated on Tuesday, as the future of cryptocurrency legislation in Congress became uncertain after lawmakers rejected a procedural vote that would have allowed consideration of several digital asset bills.

The largest cryptocurrency by market capitalization closed Tuesday at $117,551.70 per unit, down 1.62% from Monday's all-time high of $123,153.22, following a 14% gain over the course of a week.