The dollar was missing a "Will Smith" Wednesday

CITY OF MEXICO.- The dollar extended its fall Wednesday, although in a low-volume session for the feast of Independence Day in the United States .

The peso extended its lead in a favorable external context and because of the greater confidence generated after the votes last Sunday in Mexico.

The Bank of Mexico has published the interbank dollar this Wednesday at 19,395 units, the lowest level since May 11. During the day, the peso rose by 18.05 cents, or 0.92%.

In the window of the bank the green ticket is sold at 19.70 units, lower than the figure announced Tuesday by Citibanamex at 19.75 units.

The exchange rate showed a maximum of 19.5605 units, while the minimum was reported in 19.3776 units, on the wholesale market.

The peso makes two consecutive sessions in positive territory, accumulating an appreciation of 3.29%.

The closing of markets in the United States, for the commemoration of Independence Day, caused a small volume on the foreign exchange market in Mexico, to which is added the lack of money. economic information.

The low level of operation subtracts a bit of force in closing the exchange rate of the peso against the dollar.

Volatility could return from tomorrow due to the publication of reports by central banks of the Federal Reserve and the Bank of Mexico, as well as the return of potential trade tensions.

The index that measures the behavior of the greenback against a basket of ten currencies loses 0.12%.

On another front, a positive behavior is observed on the oil market situation which contributes to giving a precise direction to the Mexican currency.

The price of West Texas crude in electronic operations rose 0.26% to 74.33 dollars per barrel, while the Brent rate rose 0.53% to 78.17 dollars.

Internally, he points out that Carlos Urzúa proposed by Manuel Andrés López Obrador to occupy the post of Ministry of Finance, told Televisa that an exchange rate of 19 pesos is estimated . on average for next year .

This figure is lower than that projected in the last Bank of Mexico survey among private sector specialists of 19.38 units.

While the virtual winner of past votes, López Obrador, had a meeting with entrepreneurs, a situation that helps to give greater confidence to the markets.

The exchange rate shows resistance at 20.25 pesos. While the nearest support is 19.15 units, on the wholesale market.