Peso fought the elections but fears the trade war; dollar at this price



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Banco de México reported that the spot dollar, the interbank reference, closed Monday at 20,055 pesos which means that the US dollar rose 18.20 cents, 0.92%.

Citibanamex recorded the windfall dollar at 20.35 pesos the sale larger than the 20 pesos it cost on Friday.

El Financiero explains that "an unfavorable international environment has helped to dilute the initially awakened confidence.After experiencing the results where it resulted Andrés Andrés López Obrador winner. "

You can also read this note of the dollar price yesterday, July 1st of the elections: Until the dollar recognizes the triumph of AMLO and up to this price [19659002] Continues that "the fear of a further escalation of trade tensions between the United States and its major trading partners, such as China, was a catalyst for the fort aleza del dollar on the international market. "

In fact, the dollar rose by 0.55% against a basket of ten currencies. Bloomberg highlights in its index that 24 emerging market currencies, 22 fell against the dollar, and only two rose more than the US dollar.

Unfavorable Behavior on the Petroleum Market Helped to Push Downward

The price of crude oil from West Texas lost 0.04% to $ 74.12 per barrel, while the Brent rate drops 1.96% to 77.68 dollars.

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