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MEXICO CITY (AP) .- The peso lost strength against the dollar due to increased trade tensions between the United States and China.
In bank branches, the greenback was quoted at 19.47 pesos, Interbank level, it was proposed to 19.05 units, 0.66% more than the closing of last Tuesday, according to the data of the Bank of Mexico (Banxico).
That day, the dollar major crossings and currencies of emerging economies, when trade tensions between the United States and China resumed, yesterday afternoon Donald Trump's administration threatened to dawn. impose tariffs of 10% on 200 billion dollars of imports of Chinese products, in response to the reprisals exerted by the Asian colossus last Friday.
The high probability that there is an escalation in the "trade war" between the world's two largest economies have also generated losses in the commodities market, where the price of WTI has recorded a strong down 4.55% to $ 70.74 per barrel.
Thus, the South African rand fell by 1.69%, followed by the Brazilian real, which lost 1.66%; the Australian dollar, which depreciated by 1.22%, and the New Zealand dollar, which depreciated 1.17%.
The Japanese yen closed with a depreciation of 0.90%, falling more than the Mexican peso, although the yen is considered a safe haven
"Market participants reacted to the fact that the main partner Japan's trade is China, followed by the United States, so that a trade war between the two countries could have negative effects on the Japanese economy "The Banco Base
said that tomorrow's market participants will pay attention to the publication of US inflation in June, a figure that could be placed at a rate of about -3% yoy
"It should be added that, despite the uncertainty related to the trade war, the exchange rate has remained stable compared to the rest of the market, because there is still some optimism about the cooperation between Donald Trump and the new administration of Mexico from December " , said l & # 39; badysis.
In fact, Base Bank announced that the market will closely follow the meeting scheduled for Friday between Mike Pompeo, US Secretary of State and Virtual President-elect, Andrés Manuel López Obrador, waiting for signs on the future of the renegotiation of the North American Free Trade Agreement (NAFTA) and security cooperation.
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