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The oil pulls the dollars to break the floor of 19 pesos



CITY of MEXICO.- Mexico Mexico Peso cthey lost their first day of the week by benefits, after a general weakness of the dollar and the rebound in international oil prices.

Mexico Bank It closed at 18.9550 units, the lowest of 21 March. The advantage for his pen is 0.65 per cent.

At the bank window, the audio is sold at 19.30 units, a number lower than the units 19.40 that were registered on Friday as Citibanamex closed.

In the session, the exchange rate reached at least 18.9122 and up to 19.1299 units.

The downturn in Mexico was due to a downturn in international tolls after learning that there was a small reduction in the new orders for goods made in the USA in February.

Factory orders fell by 0.5 per cent, with lower instructions for appliances, transport equipment, computers and electrical goods.

The index which measures the greenback performance against a basket of ten currencies falls by 0.26 per cent.

The Mexican peso was also supported in profits "black gold", which closed at unrecorded levels from November 2018 as a result of the forecasting of lower oil oil by the members of the Non-Commercial Country. Oil (OPEC).

The WTI's US barrel rose 2.09%, to 64.40 dollars, and Brent completed London in an increase of 1.08 per cent, to be at 71.10 dollars.

As a result of the oil price rise, an element that continues to follow with new country resources such as Mexico, it made the peso's return in Mexico come into three consecutive sessions.

While investors expect trade negotiations to take place between the USA and China, monetary policy minutes of the Federal Reserve will be released next Wednesday and the main meeting this week around Brexit.

The Central Bank of Europe will present its vision to market on Wednesday, the same day as an EU summit to deal with Brexit. China and the European Union also host trade talks on Tuesdays.

In a statement published on the central government website on Sunday afternoon, Beijing said they would strengthen its policies on bank investment cuts to encourage better funding contracts for small and medium sized enterprises. .

Includes information from Reuters, Notimex and Bloomberg.


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