Friday has just begun and the exchange rate for the dollar in Mexico City is of 17.22 pesos in Banamex and Bancomer. Banco Base reports that the depreciation of the peso is due to negative data in China and pointed out that the Asian country is going through a period of economic slowdown, with weak data on exports and industrial production, affecting the interest of risk investors in emerging economies. The financial institution believes that the following weeks could see the dollar going for 17.50 pesos, in reaction to the second revision to Gross Domestic Product of the United States for the second quarter.
