CITY OF MEXICO.- The Mexican peso This Wednesday is ranked as the second best performance in the most traded currencies globally, according to data from Bloomberg.
This after releasing news that Donald Trump will delay his decision on the imposition of new tariffs on imported cars and parts for up to six months.
The first and third positions correspond to the Russian ruble and the Turkish lira with advances of 0.56 and 0.41 percent in each case.
The interbank dollar It operates at 19.05 units, at 11:20 in the morning. On the day, the peso earns 10 cents, similar to 0.5 percent, according to information from Bloomberg.
At the bank window, the greenback is sold at 19.35 units, less than the 19.45 units reported on Tuesday as closing by Citibanamex.
The exchange rate of the peso against the dollar touches this Wednesday a maximum at 19.2582 at 7:53 am, while the minimum is reported at 19.0416 at 11:19, in the wholesale market.
Donald Trump injects encouragement to the participants in the exchange market. The president of the United States could delay the application of tariffs on imports of cars from the European Union and Japan, whose decision was scheduled to be announced on the 18th of this month.
Meanwhile, US Treasury Secretary Steven Mnuchin declared in a session of his country's Congress that it is close to reaching a agreement with Mexico and Canada to eliminate duty to imports of steel and aluminum.
The change in the tone of the US trade policy made, for the moment, the concerns over a lower overall economic activity, which was reflected in an improvement in the perception of risk.
The index that measures the behavior of the greenback against a basket of ten currencies advances 0.03 percent, lower than the 0.24 observed before the announcements in the commercial policy of the United States.
In China It was reported that industrial production and retail sales reported a sharp slowdown, growing 5.4 and 7.2 percent during April, figures below 8.5-8.7 in March.
While in the United States it was reported that retail sales and industrial production unexpectedly fell 0.2 and 0.5 percent in the fourth month of the year.
The weak economic figures reinforce the possibility that the Federal Reserve can lower its reference rate, although this may occur until the end of this year or early 2020.
On another front, positive behavior is recorded in the oil market, which also contributes to the recovery of the Mexican currency.
The price of the West Texas type oil gains 0.63 percent, to 62.17 dollars per barrel, while the Brent rate appreciates 1.09, to 72.01 dollars.
Internally, it highlights that in the auction to renew the expiration of exchange hedges, to a term of 62 days, the demand was thousand 560 million dollars, superior in 7.8 times to the 200 million offered.
The exchange rate presents a resistance at 19.50 units in the wholesale market. While the support is located at 18.75 units.