The Mexican peso strengthens in the exchange market on the announcement of victory of AMLO

According to data from Bloomberg, the dollar is sold in international electronic wholesale transactions at 19.6469 pesos, which means a gain of 1.14 percent compared to Friday’s close.

The Mexican foreign exchange market reacts positively once the polls have closed and the first results of the exit polls have been released, placing Andrés Manuel López Obrador in the lead with almost 50 percent of the vote.

The peso earns 12 cents this Sunday, as the forecasts of analysts who were expecting a victory for leftist candidate Andrés Manuel López Obrador are about to materialize. The national currency is trading at around 19.75 per dollar, with an advance of 0.84 percent compared to Friday’s close, according to the specialized portal Investing.com.

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