Claudia Sheinbaum's cabinet announcement favors the Mexican peso

MEXICO CITY.- After touching 18.40 pesos, the Mexican currency went down to the 18.32 pesos per dollar wholesaleafter the virtual president-elect Claudia Sheinbaum Pardoannounced the first six members of his cabinet.

Marcelo Ebrard Casaubon in the Ministry of Economy; Juan Ramon de la Fuente Ramirez in External relationships; Alicia Barcena Ibarra in Environment; Julio Berdegue Sacristan in Agriculture; Ernestina Godoy Ramos in the Legal Counsel y Rosaura Ruiz Gutierrezin the new Secretariat of Humanities, Technology and
Innovationwhich replaces Conacyt.

The market took the nominations well, although the assignment in Economy of Ebrard, who will be responsible for review the T-MECand also together with Foreign Relations take advantage of the nearshoringhe commented Gabriela Sillerdirector of economic analysis at Base financial group.

With the news, the retail dollar fell from 18.89 pesos for sale at bank windows to 18.83 units, which meant a decrease of 6 cents, according to data published by CitiBanamex.

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