The peso advance, with a dollar with "the eye" in the polls

CITY OF MEXICO.- CITY OF MEXICO.- Mexican peso was placed on positive ground this Tuesday in a negative external scenario, due to uncertainty as to the outcome of the intermediate elections in the United States, to which was added the collapse of oil price.

The interbank dollar cThat went wrong in 19,770 units, according to information from the Bank of Mexico. On that day, the peso rose 16 cents, which corresponds to 0.80%.

In Bank reception desk, the banknote is sold at 20.10 units, less than the 20.20 units declared Monday as closing by Citibanamex.

The exchange rate peaked at 19.9672 units, while the minimum was reported at 19.7278 units in the wholesale market.

The Mexican currency gained for the third consecutive session, accumulating an appreciation of 2.53%.

It should be noted that since he's won Donald Trump the presidential elections from 8 November 2016 to the present day, the Mexican currency It is one of the hardest hit, falling 7.42% during this period, ranking seventh as the worst performer among the most traded trades in the world.

The participants of the foreign exchange market stand up while waiting for the result of the vote. elections to renew the United States CongressThis will also mark the room for maneuver that Donald Trump must continue to promote in his reforms.

Preliminary results may begin to circulate after 5 pm Mexico City time, which could lead to high volatility in the foreign exchange market.

On the market, it is expected that the Republican party will lose control of the House of Representatives and keep the one corresponding to senators.

However, you can not rule out surprises, such as the one that occurred during the November 2016 presidential election.

The index that measures the performance of the dollar against a basket of ten currencies decreases by 0.06%.

The dollar loses strength before the announcement of the Federal Reserve, scheduled for Thursday, where bets indicate that it will keep its benchmark rate unchanged.

On another front, oil prices fell, a situation that did not contribute to the recovery of the Mexican currency.

The price of crude oil West Texas decline of 2.18% to 61.72 dollars per barrel, while the rate Brent loses 2.05%, to be traded at 71.71 dollars.

Internally, he points out that in the auction to renew the expiration of currency hedgeAt 62 days, demand was $ 510 million, 2.5 times more than the $ 200 million available.

The exchange rate has a resistance of 20.50 units. In any case, the support is 19.70 pesos, on the wholesale market.