The dollar in the banks drops 40 cents and closes at 20 pesos

MEXICO CITY (Expansion) –

The Mexican peso returned to positive territory on Thursday, closing the session with a strong gain after economic data in the United States under expectations that may reduce the likelihood of a rapid rise in the rate of interest of the Federal Reserve.

In bank tellers, the dollar closed at 20 pesos for sale, 40 cents less than the previous close, and the purchase ended at 19.20 pesos, according to Citibanamex's quote. 19659003] In BBVA Bancomer, the greenback was offered at 20.13 pesos on sale, 40 cents less than the last price on Wednesday, and the purchase at 19.05 pesos.

By and large, the dollar was sold at 19.7220 pesos, which means a gain of 2.24% for the national currency compared to the previous official close, according to data from the Bank of Mexico (Banxico) .

"The appreciation of the peso (…) is due to a correction for depreciation obse Yesterday, yesterday (…) Nevertheless, volatility should continue," said the director of analysis Banco BASE's economic and financial report, Gabriela Siller, in a report released on Thursday.

Lee: The dollar ends 1.80 pesos more expensive at the end of the campaigns

In the previous session, the peso interrupted eight sessions of direct earnings.

One of the US data released this Thursday was the Gross Domestic Product (GDP) for the first quarter of the year, which slowed more than expected, at an annual rate of 2%.

"Unfavorable economic indicators that have been published in the United States and that reduce the likelihood of the Fed raising its benchmark, but on the other hand there are important factors that may continue to depreciate the peso ". ] "The exchange rate will fluctuate mainly in the face of news from abroad, since in Mexico the beginning of the electoral closure means that no more intention to vote the polls or the public opinions of the presidential candidates will no longer be released. "

] The peso rejected three months of voting – which ended Wednesday – with a cumulative loss of 10%: in the beginning, the greenback closed at 18.60 and that day at 20.40 pesos in the banks.