Peso strengthens with the announcement of AMLO's triumph

The Peso rose 16.45 cents after the announcement of the victory of AMLO in the polls and the recognition of the PAN and PRI contenders

Regeneration, July 1, 2018 . The Mexican peso extended its appreciation in international operations on Monday after several exit polls showed that leftist candidate Andrés Manuel López Obrador won the presidential election.

The currency traded at 19.7505 per dollar, with an advance of 0.83%, or 16.45 cents, against 19.9150 of Reuters' benchmark price on Friday, according to Daily Trend.

This was reinforced after the recognition by the PRI candidates, Antonio Meade and PAN, Ricardo Anaya, of the triumph of Andrés Manuel López Obrador in the Mexican presidential elections

Comments of the others elections and what's coming

In this regard Patricia Arellano in Mega News noted that "in the past three presidential elections the exchange rate showed consistent behavior in the month after the elections , with the peso appreciating an average of 2.82 percent However, it is not excluded that the volatility of the exchange rate will continue during the second half, due to the protectionism of the president's administration of the United States, Donald Trump, because it is still necessary to conclude the renegotiation of NAFTA, he said

added that "the imposition of new tariffs between this country and its main trading partners represent This is a serious risk to global economic growth, a risk that is reflected primarily in the currencies of emerging economies. Finally, he said that "the volatility of the Mexican peso should continue due to the contagion effect of the Brazilian real and the South African rand, which depreciated in the second quarter respectively 17,18 and 15, 83% ".