Friday, 19 Oct 2018
Business

Dollar picks up at retail; It sells at 19.30 pesos

He dollar price has remained at rise during this week; at noon, the exchange rate at the window It is quoted at 19.30 pesos, 10 cents above the previous closing. Strengthening of the dollar is given from of the expectations in favor of American economy.

In international markets, the wholesale dollar was offered above 19 pesos, which was not registered since last Thursday, July 12.

The declarations of Jerome Powell, president of the Federal Reserve, before legislators of that country gave certainty to the dollar, where a high probability is maintained to the increase in the interest rate that will bring as effect a similar measure on the part of the Bank of Mexico in the next months.

The declarations of President Donald Trump they have also influenced the price of the peso against the dollar, Yesterday he announced that the renegotiation of NAFTA will be first with Mexico and later with Canada , and not in trilateral meetings.

Despite the demand made by United States against Mexico, last Monday before the World Trade Organization (WTO) for the tariffs imposed by the Mexican Government, the depreciation of the peso in the international markets has not been so abrupt.

lsm

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