The Mexican peso is the second best currency in the world this Wednesday

Weight performance in theThe currency improved after Donald Trump announced the need to delay the imposition of new tariffs on the automotive sector. Which has made this position one of the best currencies in the world.

He earned 10 cents against the dollar, which represents the 0.5% of its value increase. At eleven o'clock in the morning, the interbank dollar had an estimate of 19.05 pesos. While in the window its The cost is 19.35 pesos.

At the beginning of the day, the peso suffered losses. It fell against the dollar which reached a price of 19,2580 pesosHowever, moments later, the greenback declined, driven by a large sell of long positions.

Another statement that also caused the slight improvement in the Mexican currency is that of Steven MnuchinSecretary of the Treasury of the United States. The official said at his country's congress that It is about to conclude an agreement with Mexico and Canada to get rid of tariffs on steel and aluminum.

From the beginning, you have up to June 8 so that the parties work to the conclusion of a pact so as not to set tariffs for the automotive sector.

This improvement for the Mexican peso comes from the beginning of the week, since The United States and its negotiations with China were more flexible and tended to this will benefit both parties.

Even the President of the United States Donald Trump posted a tweet in which he stated that The right time would be to reach an agreement with the Asian country.

Similarly, the oil market has benefited the peso. The cost of West Texas-type oil rose 0.63% and the Brent rate 1.09%.

This positive outlook goes against what fed the international economy last month. Retail sales in China and the United States fell in April. They were below expectations, according to what was recorded in March.

What is the cause of the Mexican currency was down because it is considered a dangerous investment. Given the current situation of United States-imposed tariffs, investors They did not want to bet on risky products.

However, the announcements of US authorities They improved their vision.

The currency which ranked third in the foreign exchange market was the Turkish lira which recorded progress of 0.41%.