The exchange rate in Mexico operated down on Sunday for signs of progress in trade relations between U.S Y China, which have calmed the markets amid the confrontation between the two largest world economies.

The dollar It was quoted today at 19,3975 Mexican pesos per greenback, with a loss of 0.16%, or 3.20 cents, compared to 19.4295 the reference price of Reuters on Thursday.

U.S welcomed on Thursday the renewed purchases of its agricultural products by China, to the extent that the president of the United States, Donald TrumpHe said he could consider a provisional trade agreement with the second largest world economy, but said he would prefer to reach a broader pact.

"The markets end the week in positive territory in the face of the relaxation of geopolitical risks. Investors find the resumption of trade negotiations between China and the United States encouraging," Banorte analysts wrote.

The peso gave some ground after it was known that retail sales of U.S They rose more than expected in August.

In the session, the exchange rate is expected to trade between 19.30 and 19.50 pesos per dollar, according to Base Bank.

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