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CITY OF MEXICO.- The peso climbed Friday to the "roller coaster car" pending the outcome of the vote in Mexico and fears of escalating trade tensions, which eclipsed a favorable external scenario.
The Bank of Mexico reported that the interbank dollar closed 19,873 units. The day, the peso lost 15.10 cents, or 0.77%.
E No bank teller The greenback of is sold at 20.15 units higher than the 20 units recorded on Thursday as closing by Citibanamex.
The exchange rate indicated a maximum of 19.9783 units, while the minimum was 19.5622 units on the wholesale market. This last level represented a 0.79% advance on the morning peso, according to Bloomberg information.
The Mexican currency had a mixed record. In the week and in the month, he was positive, gaining 0.67 and 0.26 percent. For the whole of the second quarter, the balance was negative, down 8.58%
The peso was affected by a profit taking after the progress observed over the last 10 days. Adding to this a defensive stance pending the outcome of the vote next Sunday in Mexico and fears that next week will amplify trade tensions between the United States and their main partners.
Mexico was softened by an international context where the purchase of high-risk assets prevailed.
The index that measures the behavior of the greenback against a basket of ten currencies lost 0.43% following the publication of mixed figures regarding the behavior of the North American economy. US.
In the United States, personal income was reported to have increased by 0.4% last May, which was on average expected by the market. However, the personal expenses increased by 0.2%, less than the estimate of 0.4%, according to a survey conducted by Bloomberg.
While inflation as measured by consumer spending, a leading indicator by the Fed to measure price behavior, was reaching the goal of the central institute when it was reaching 2% in the fifth month of the year.
The index of manufacturing activity in Chicago stood at 64.1 points in June, better than the 60 expected by the market.
The indicator that measures the consumer confidence prepared by the University of Michigan, was reported at 98.2 points, below the 99 expected.
On another front, a better performance is observed on the oil market a situation that helps to support the Mexican currency.
The West Texas crude price climbed 0.82% to 74.27 dollars a barrel, while the Brent rate rose 2.02% to 79.42 dollars.
The exchange rate has a resistance at 20.50 pesos. Meanwhile, the closest support is at 19.50 units on the wholesale market.
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