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LatinNews Daily - 02 July 2018
In brief: Mexico
* Mexico’s state news agency Notimex has cited Mexican bank, Banco Base, as forecasting that the exchange rate will continue to strengthen and oscillate between M$19.70/US$1 and M$20.30/US$1 over the next few days as the candidates in the 1 July presidential election have recognised the victory of Andrés Manuel López Obrador of the leftist Movimiento Regeneración Nacional (Morena) party. Notimex cites Gabriela Siller, a Banco Base economist, as saying that the exchange rate had remained stable at around M$19.91/US$1 since 29 June and as of 1 July had begun to strengthen to M$19.76/US$1.
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