translated from Spanish: Dollar rises to 20.11 pesos for China-US tensions

The dollar in bank windows sells this Monday at 20.11 pesos, according to Data from Citibanamex.
Its high price is mainly due to nervousness over trade tensions between China and the United States, and fears of a global recession.
In Base Bank’s view, the peso opens the session with a depreciation, moving along with most emerging-economy currencies.
Reads: Trade war rekindles: US accuses China of currency manipulator
He points out that currency volatility could be seen at the start of the week due to speculation about the Fed’s monetary policy, which will be unveiled next Wednesday.
While there are losses for several currencies in the foreign exchange market, others are increasingly optimistic, in the face of a possible decline in trade tensions between the United States and China.
The United States extended by 90 days the exemptions that allow Huawei to continue buying U.S. technology, before a final ban, US Secretary of Commerce Wilbur Ross said monday.
“While we urge consumers to leave Huawei products, we recognize that more time is needed to avoid any discontinuation,” Ross said in a statement.
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The ban is part of an initiative launched by US President Donald Trump to besiege Huawei, which according to his administration officials maintains ties to Chinese intelligence, making it a threat to U.S. security .
US President Donald Trump tweeted the weekend that talks with China are advancing.
Meanwhile, the Mexican Stock Exchange (BMV) opens the day this Monday with a gain of 0.38 percent, that is 157.92 more, compared to the closing of Friday, bringing the S&P/BMV IPC to 39 thousand 492.73 units.
The local stock market operates a volume of 627 thousand 471 securities, for an economic amount of 15.2 million pesos, with the participation of 41 broadcasters, of which 29 win, seven lose and five remain unchanged.
With information from AFP 
 
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Original source in Spanish