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Reforma Agency. Mexico, Mexico – The national currency does not observe any changes in its crossings against the dollar with markets waiting for a trade confrontation between United States and China as well as the post-election process after the federal elections last Sunday in Mexico .
Currently, in the windows of the bank Citibanamex the currency of the United States is offered at 19.75 pesos, which means that it has no price change by report at the close of yesterday.
Wholesale trading between banks, brokerage houses, exchange houses, corporations and individuals, the exchange rate is down 3.96 cents, so that it is sold at 19.4393 pesos and acquired at 19,4293 units.
Trade Differences Between Washington and Beijing Draw Attention from Financial Centers on a Day When US Markets Do Not Work for Holidays on the Occasion of Independence Day Celebrations .
The strategists of Banorte-IXE comment that attention is focused on the persistence of protectionist policies before the imminent implementation on Friday of tariffs from the United States to China and Beijing to Washington in the midst of remarks by Angela Merkel, Chancellor of Germany, seeking a reconciliation on this issue with President Donald Trump.
According to the Banco Base report, despite overnight fluctuations (overnight), the exchange rate remains stable, since no relevant economic indicators will be published in Mexico and the United States. United.
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In addition, adds the analysis of the banking institution, a day of low liquidity is anticipated, because in the United States the financial markets remain closed to be on July 4, commemorating day the independence of the United States.
He mentions that since yesterday there is less risk aversion after the People's Bank of China is committed to maintaining the stability of the yuan and will not use the currency as a weapon in a trade war with Washington.
Without US capital market operations, the S & P BMV / IPC of the Mexican Stock Exchange sees a slight change to 47.77%, or 0.08% below its conclusion of Tuesday.
In the oil question, the West Texas Intermediate falls by 0.31% and Brent records a variation of 0.21%
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