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The peso was appreciated on Friday morning because of a global weakness in the dollar and ahead of Sunday's presidential elections on July 1 in Mexico, to which leftist candidate Andrés Manuel López Obrador is very attached.
The Mexican currency is traded at 19,612 units per dollar, with a gain of 0.5%, or 2.80 cents, against the 19.71 pesos per banknote of the Reuters reference price on Thursday.
The Aztec currency described an accumulated advance of around 1.5% in June, recovering some ground before an expected second quarter depreciation of more than 8.0% caused mainly by a dollar strong and uncertain about the future of the renegotiation of the North American Free Trade Agreement (NAFTA)
The peso on Thursday recorded its best session in 15 months over of a volatile session following the comments of a restrictive cut of the deputy governor of the Bank. Mexico and a few days before the presidential elections
In international operations early in the morning, it depreciated to 20,205 units per US dollar, and on Wednesday it dropped by more than 1.0% in a context of strength of the world dollar.
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