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On Tuesday, the big dollar is offered below at 19 pesos, quoting about 18.93 pesos, 29 cents less than last week's close, to be at its lowest level since 30 April
As a result, the retail greenback was sold at 19.20 pesos at bank counters, 25 cents less than last week's close.
The appreciation of the currency The Mexican market in international markets is due to an increase in demand for pesos in the hope that the national currency will continue to appreciate over the next few years. months, especially if the renegotiation of NAFTA in a cooperative environment, says Gabriela Siller, director of economic and financial analysis at Banco Base
Shortly before closing of the session, López Obrador and Marcelo Ebrard, who will occupy the post Chancellor, told the media that the meeting with the US Secretary of State will address issues of security and regional development, a meeting that will also be attended by Jared Kushner, advisor and son-in-law of Donald Trump, Kirstjen Nielsen, secretary of national security and Steven Mnuchin, Secretary of the Treasury
The meeting will be held Friday afternoon and could to assist in an appreciation of the peso if both parties confirm it, that they will continue to work on issues such as renegotiation ] of NAFTA .
The peso is also appreciated with the currencies of emerging economies, such as the Brazilian real, as the number of news related to the US trade war has declined and China after entering rates between the two countries last Friday.
It is important to add that the first two sessions of the week were characterized by less cash on the foreign exchange market, which is attributable to the summer season, during which time the volume of operations is normally reduced.
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