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CITY OF MEXICO.- The peso took advantage Tuesday of the weakness of the dollar at the international level to reach its best level since May 25, before a holiday in the United States for the commemoration of Independence Day, and only two days after the vote took place in Mexico
The Bank of Mexico reported that the interbank dollar closed at 19.5755 units, its lowest level since May 25th.
By day, the peso gained 2.39%. This variation implied its best performance since February 17, 2016.
Last Friday, before voting in Mexico, the exchange rate of the peso with the dollar closed at 19,873 units.
From this date to today, the peso has recovered 1.50 percent.
In the window of the bank the bank note is sold at 19.85 units, less than the 20.25 units announced Monday as closing by Citibanamex
The exchange rate peaked at 20,0382 units, while the minimum was 19,5154 units in the wholesale market.
The Mexican currency was favored by a positive international context and by the signals sent by the team of the virtual president, Andrés Manuel López Obrador, in the sense of respect for the autonomy of the Bank of Mexico and free floating
The index that measures the behavior of the greenback against a basket of ten currencies loses 0.53 cent
At the international level, a greater appetite for risk has been observed, after officials of the Central Bank of China announced on Tuesday that yuan will not be used as a weapon against the protectionist trade policy of the United States.
Governor of the People's Bank of China Yi Gang, said that China "will keep the yuan exchange rate essentially stable at a reasonable and balanced level."
The yuan operates at 6.6505 units, which represents an advance of 0.56% against the dollar. Since the end of March, the yuan has lost 6.34%.
China's position diminishes the risk, for the moment, that an escalation of trade tensions will become a war of .
In the United States, it was reported that factory orders rose 0.4% in May, better than expected, according to a survey by Bloomberg.
orders for durable goods decreased by 0.4% in the fifth month of the year, compared with an average estimate of -0.5 by the market.
On another front, a positive behavior is observed on the oil market a situation that helps revive the Mexican currency.
The price of West Texas crude earns 0.30% to 74.12 dollars per barrel, while the rate of Brent climbs from 0.44 to 77.64 dollars.
Internally, the fact that in the auction to renew the maturity of currency exchange with a duration of 59 days and due on August 31, the demand was 350 million dollars, which exceeded in 1.75 times the 400 million finally placed.
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