Dollar closes 2018 under 20 pesos

After a year of ups and downs, the Mexican peso -Gebomed by ads from Andrés Manuel López Obrador, the sentences of Donald Trump, among other external factors – eventually closes 2018 without going beyond the barrier of 20 units per dollar.

This Monday, 31 December, the peso showed little change in the last session of the year, with the aim of registering a rebound of around 3.7% in December and thus closing the almost stable year.

The local currency has been exchanged 19,6456 per dollar, with a marginal profit of 0.03% compared with 19.651 of the reference price on Friday.

The Mexican currency has declined in the year to come close to the threshold of 21 per dollar for concerns about the renegotiation of a trade agreement between Mexico, the United States and Canada.

Over the past few weeks, the peso has again gained ground through bets that it Federal Reserve of the United States could delay the rise in interest rates in 2019 and the presentation by Lopez Obrador of a budget for the government that was well received by the markets.

But the peso could come under pressure at the beginning of the year.

"The currency is expected to begin in 2019 with a scenario of high external uncertainty due to the risk of economic slowdown in China and the United States," said Gabriela Siller, director of economic analysis at Banco Base.

"Internally there is also uncertainty, because it is unknown whether the new government's tax prudence as explained in the 2019 Budgetsomething that is closely monitored by the market and rating agencies, "he added.

* With Reuters information

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