Updated on 01/19/2020 at 11:00
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The dollar price in Mexico Friday was appreciated to its best level in 15 months, after yesterday the renewed TMEC trade agreement was approved in the United States Senate, and in the midst of a global wave of appetite for risky assets.
The local currency was trading at 18.7312 per dollar, with a 0.22% gain against 18.7722 pesos of the Reuters reference price on Thursday.
“The Mexican peso remains strong, benefiting from recent events, particularly now the lower risk aversion by the Chinese GDP figure and the ratification of the TMEC by the full US Senate,” said CI Bank analysts.
The United States Senate approved a renewal of the North American Free Trade Agreement, which includes more stringent rules on labor and automotive content but leaves annual trade flows between that country, Mexico and Canada almost unchanged for US $ 1.2 billions
“This historic agreement not only modernizes and rebalances our business relationship with Canada and Mexico, but promotes economic growth, creates jobs and provides a crucial certainty for farmers, workers and manufacturers,” said Treasury Secretary Steven Mnuchin.
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