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Geopolitical factors affect the retirement of the peso
CITY OF MEXICO (Notimex) .- In this second quarter of the year, the peso closed with a depreciation of 9.23 percent or a peso and 68 cents, when trading around 19.86 pesos per dollar, due to an increase in speculative bets against the national currency of 83.5 percent.
The above, according to Chicago Futures Market statistics, which was due to the postponement of renegotiation in addition to risk aversion in the face of stricter protectionist policies in the United States and the threats of this. country towards the European Union and China, as well as the possibility that the Federal Reserve raised its interest rate four times during the year.
Other factors that contributed to the depreciation of the national currency during the reference period were: Financing of other emerging market currencies, such as the Brazilian real and the rand South Africa, as well as the electoral process, highlighted Banco Base.
The financial institution reported that the peso was depreciating due to the uncertainty of the Tlcan. the performance of the exchange rate was in the same direction and more pronounced than that observed in the other years of the presidential elections
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