Peso closes the trading session 20.11 pesos by dollar and delete most of it depreciation which overnight took the exchange rate to a new high for the year of 20.8072 pesos per dollar.
This depreciation is in line with the historical average performance of the Mexican peso which depreciated by 0.40% the day after the election, excluding the decline in 2016 when the peso depreciated by 8.30%.
The peso depreciated along with early election results last year United States of Americawho gives victory Donald Trump.
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Likewise with Republican Party reached a majority in Senate. Thus, the exchange rate showed an overreaction to a maximum in 20.8072 pesos per dollar.
However, just yesterday there was a correction which caused the currency to return to close to 20 units. / 24 hours
Leo
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