Thursday, June 20, 2019
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Dollar loses ground against the peso; It is sold in 19.11 pesos

At the close of the second week of April, the Mexican currency regained ground against the dollar. On the last day of the week, the free dollar closed the day with a decline of 10 cents compared to the previous close, when sold up to 19.11 pesos, and was acquired at a minimum of 16.70 pesos in banks in Mexico City.

In the bank window, the green ticket is sold at 19.30 units, a figure equal to that reported on Thursday as closing by Citibanamex.

At the close of operations, the Bank of Mexico (Banxico) reported that the interbank dollar closed at 18.7570 units. On the day, the peso retreated 10.20 cents or 0.54 percent. The central bank fixed at 18.7719 pesos the exchange rate to settle obligations denominated in foreign currency payable in the country.

Derived from the weakness of the greenback in the international market in the face of a return of appetite for higher risk assets in international markets and the publication of positive economic data in China that inject optimism about global growth.

This positive variation led the peso to mark its second week of consecutive gains against the North American currency with an appreciation of 1.69 percent.

The exchange rate of the peso against the dollar peaked at 18.8684 units, and the minimum was reported at 18.7488 units, on the wholesale market.

During the week, the peso was in the second position among the most winning currencies among emerging countries, only behind the Argentine peso.

(With information from Notimex, Reuters and Banxico)
tfo

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