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Mexico .- In full election day, the Mexican peso is appreciated, pco before the announcement of the triumph of Andrés Manuel López Obado.
According to economic analysts' predictions, as the electoral process progressed, we could expect an appreciation of the national currency, as this would give greater certainty.
After the first international transactions in the markets, the peso stood at 19.78 units against the dollar, appreciating against the 19.90 pesos per US dollar of closing, accord with the data from Bloomberg.
On June 26, the Bank of Mexico (Banxico) dismissed a jolt in the indicators, as the likely election results have already been discounted by the markets.
"So I have the impression that the market has already discounted with a high probability that this team will be the winner," said Jaime Cortina, managing director of Banxico Operations and Payment Systems, without mentioning the names, as quoted by
For its part, Alejandra Marcos, director of analysis and strategy of Intercam, agreed in a previous consultation with Forbes Mexico that markets had already incorporated the results on the Mexican Stock Exchange and the peso.
"The reactions we saw were for reasons unrelated to the election period, such as the imposition of tariffs by the United States and the monetary restraint in this country … The volatility we have view of 21 to 20 units in the last few weeks are related causes outside the election period, "said the specialist Friday.
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