Dollar closes at $17.31 pesos

The U.S. dollar reached a new height on trading against the Mexican peso, getting to 17.31, nine cents above Friday's close.

According to Banco Base, there was a lower volatility in the exchange rate because it was a non-working day in the U.S., with a subsequent lack of liquidity in the financial markets.

The financial group expects that the markets react to tomorrow's data on foreign trade in China, where it is anticipated a drop of eight per cent in exports, with losses in the capital markets of China and Hong Kong.