The peso remains strong and by adding five days in a row of gains, with which the price of the dollar today May 7, 2024 It starts at 16.83 units for each greenback; find out here what the exchange rate in Mexican banks.
The Mexican currency registers a gain of 0.14% compared to Monday’s reference price, while investors await the release of figures from the inflation in Mexico and the monetary policy announcement of the Bank of Mexico (Banxico)as well as comments from several members of the Federal Reserve, over the course of the week.
Price of the dollar in Mexican banks today, May 7, 2024
The price of dollar today May 7, 2024 in Mexican banks* starts at:
- BBVA Mexico – 16.02 pesos for purchase and 17.15 pesos for sale
- Citibanamex – 16.37 pesos for purchase and 17.29 pesos for sale
- Azteca Bank – 16.05 pesos for purchase and 17.59 pesos for sale
- Banorte – 15.80 pesos for purchase and 17.20 pesos for sale
- Affirm Bank – 15.90 pesos for purchase and 17.40 pesos for sale
- Scotiabank – 15.10 pesos for purchase and 18.00 pesos for sale
- Inbursa – 16.50 pesos for purchase and 18.00 pesos for sale
*Exchange rate at 08:20 hours
With information from Reuters
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Price of the dollar today May 7, 2024, what is the exchange rate in Mexico?
Exploring the Possibility: Private Equity Firms Eye Potential Peloton Acquisition, CNBC Reveals
Private Equity Firms Eyeing Peloton Buyout Amid Financial Struggles
A recent report by CNBC revealed that several private equity firms are contemplating a potential buyout of Peloton, the popular connected fitness company. This move comes as Peloton seeks to restructure its debt and revitalize its growth trajectory following 13 consecutive quarters of financial losses.
Early market response to this news was positive, with shares of Peloton surging by 13% during early trading hours.
Peloton's Consideration of Going Private
According to sources familiar with the matter, Peloton, headquartered in New York, has engaged in discussions with at least one private equity firm in recent months regarding the possibility of transitioning to a private entity. However, a Peloton spokesperson declined to comment on these speculations.
The company's decision-making has been further complicated by the recent departure of CEO Barry McCarthy and the announcement of workforce reductions aimed at cost-cutting measures in response to disappointing financial performance.
Challenges Faced by Peloton
Peloton's financial woes stem from declining demand for its stationary bikes and treadmills, despite implementing price reductions to stimulate sales. This resulted in lower-than-expected revenue for the third quarter and prompted a downward revision of the company's full-year forecast.
While Peloton has attracted interest from multiple private equity firms as a potential acquisition target, the extent of formal discussions remains uncertain.
Industry Insights and Future Prospects
As the fitness equipment market continues to evolve, Peloton's strategic decisions and financial performance will be closely monitored by industry analysts and investors. The company's ability to navigate these challenges and capitalize on growth opportunities will be critical in determining its long-term success.
For more information on this developing story, stay tuned for updates.
Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli and Devika Syamnath
Exploring the Possibility: Private Equity Firms Eye Potential Peloton Acquisition, CNBC Reveals
The TFEX Market Closing Details on May 7, 2024: A Recap of Contracts Traded
The TFEX market closed on 7 May 2024. The details are as follows.
SET50 Index Futures (2 most traded contracts)
Agreement Closing Price Settlement Change Trading Volume S50M24 845.70 0.00 9.00 218,715 S50U24 842.00 0.00 8.50 18,859 Total trading volume 246,025 contracts.
Sector Index Futures (most traded contract)
Agreement Closing Price Settlement Change Trading Volume – – – – – Total Trading Volume – Contract
SET50 Index Options
Call Options (most trading contracts)
Close Contract Settlement price Change Trading volume S50M24C850 11.60 0.00 3.50 2,225 Total trading volume 6,524 contracts
Enter Options (most trading contracts)
Close Contract Settlement price Change Trading volume S50M24P825 6.40 0.00 -2.60 1,618 Total trading volume 5,793 contracts
Single Stock Futures (the most traded contract)
Close Contract Settlement price Change Trading volume TTBM24 1.75 0.00 0.00 2,282 Total trading volume 7,863 contracts
Interest Rate Futures
3M BIBOR Futures (Top Trading Contract)
Agreement Closing Price Settlement Change Trading Volume – – – – – Total Trading Volume – Contract
5Y Gov Bond Futures (highest traded contract)
Agreement Closing Price Settlement Change Trading Volume – – – – – Total Trading Volume – Contract
USD Futures (most traded contract)
Agreement Close Settlement Price Change Trading Volume USDM24 36.73 0.00 0.09 32,516 Total Trading Volume 58,317 contracts
Gold Futures (most traded contract)
Closing Agreement Settlement Price Change Trading Volume GFQ24 40,830.00 0.00 260.00 17 Total trading volume 27 contracts.
Mini Gold Futures (most traded contract)
Close Contract Settlement price Change Trading volume GF10M24 40,740.00 0.00 310.00 4,681 Total trading volume 5,829 contracts
Brent Crude Oil Futures (most traded contract)
Settlement Closing Agreement Trading Volume Price Change – – – – – Total Trading Volume – Contract Note: January(F) February(G) March(H) April(J) May(K) June(M) July (N) August(Q ) September(U) October(V) November(X) and December(Z) TFEX trading summary table, click here.
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The TFEX Market Closing Details on May 7, 2024: A Recap of Contracts Traded