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The dollar started the third quarter positively on Monday, benefiting from growing global trade tensions as investors flocked to the greenback as a safe bet
The free dollar was sold at 20.41 pesos, 19 cents more in connection with the end of last Friday, and was purchased at a minimum price of 18.90 pesos, in the bank branches of Mexico.
Tension expands on July 6, after which the United States will apply tariffs on imports from China valued at $ 34 billion. Added to this is the fact that German Chancellor Angela Merkel suffered another setback when her Interior Minister offered to resign in the middle of the confrontation in recent years. conflict within the coalition government for immigration policy, which hit the euro.
The dollar seems to have benefited from safe-haven research flows, at a time when trade tensions and political events in Europe have reduced the appetite for Oliver Jones, an economist at Capital Economics
L & # 39; analyst expressed the view that the dollar would remain firm if these concerns were appeased.
Given the prospect of US monetary policy, we think the currency will be supported by another rise in Treasury yields if a trade war is avoided, "said Jones.
Given the strength of the dollar, BNP Paribas has reduced its forecast for the euro and the pound sterling by the end of 2018.
At the last trading day, the dollar index has risen 0.35% to 94,967 units The euro was down 0.55% to $ 1.1619, while the US currency extended its gains against the yen to a new six-week high at 110.06 yen
The dollar continued to grow after the ISM manufacturing index rose 60.2, above expectations, while construction spending in the United States rose 0.4 % in May
Long dollar positions increased for the second consecutive week while those of the euro fell to lows in almost two months. Long-term bets on the Swiss franc had some support as a safeguard asset
Banco de México (Banxico) set at 20.1453 pesos the exchange rate to settle the foreign currency denominated bonds payable in the country.
BANK ______________ PURCHASE _________ SALES
CITIBANAMEX
Dollar
Free _________________ 19.55 ____________ 20.35
Interbanking ___________ 20.04 ___________ 20.05
Euro __________________ 23.25 ____________ 23 , 29
Yen __________________ 0,807 ____________ 0.1809
British Pound __________ 26.30 ____________ 26.34
BANCOMER
Dollar
Free __________________ 19.33 ____________ 20.41
Interbanking: 20,03 ___________ 20,04
Euro __________________ 22,58 ____________ 23,65
Yen __________________ 0,169 ____________ 0,207
British Pound __________ 25.60 ____________ 26,68
BANORTE
Dollar [19659002] Free _________________ 18.90 ____________ 20.30
Euro _________________ 22.80 ____________ 23.65
Yen __________________ 0.180 ____________ 0.200
Pound Sterling __________ 25.85 ____________ 26.80
] SANTANDER
Dollar
Free _________________ 19.86 ____________ 20.27
Euro __________________ 22.99 ___________ 23.69
You can also read: Mexican Stock Exchange down 2.12% after the virtual triumph of AMLO
With information from Notimex and Reuters
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