When starting operations, the price is of dollar today Friday it is up to 20.46 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.03 pesos each dollar, with a loss of 0.45 percent.
Citibanamex sells the dollar at 20.46 pesos, while BBVA Mexico does it at 8.33 pm, Banorte at 8.30 pm, Santander on 20.03 and Azteca Bank in 19.91 units.
The weight it depreciated after three gains in the face of a dollar rebound, while heading for marginal progress for the week. The dollar recovered from losses caused by weak US labor market data released the day before, when the peso hit its best level in more than two weeks.
How’s the exchange rate going?
Basic sofa explained in a report that yesterday the peso wiped out most of the appreciation, collecting an advance of just 0.27 percent or 5.3 cents a week. In line with expectations, the dollar-weighted index shows an upward correction of 0.20 percent, after losing ground in five consecutive sessions, something not seen since November 2020. This rebound effect causes most currencies to depreciate against of the dollar during the last session of the week. and that only three show a valuation, the Indian rupee at 0.14 percent, the Swedish krona at 0.06 percent and the Turkish lira at 0.02 percent.
Going forward, the US dollar is likely to maintain its weak trend while the Federal Reserve keep reiterating the need to maintain broadly flexible monetary policy. In the coming weeks, the main determinant of the dollar’s weakness will be progress in Congress in approving the $ 1.9 trillion fiscal stimulus package, which is speculated to be approved in March , “he said.
Another contributing factor to the weaker dollar is news of the increased availability of covid-19 vaccines, lowering perceptions of risk in global financial markets. The president of United States, Joe Biden, reported that it has obtained approximately 200 million additional doses from pharmaceutical companies Pfizer and Moderna, they promised to deliver them before July. He also indicated that the number of available doses could increase for the summer if the vaccine is approved Johnson & JohnsonIn Japan, a panel of experts signed approval for the vaccine developed by Covid-19 Pfizer, with official government confirmation expected to be announced over the weekend, this would be the first vaccine approved in Japan
He said a gradual decline in the number of daily coronavirus infections is still being observed worldwide, as an average of approximately 410,000 daily infections were recorded in the week from Monday to Thursday, after an average of 630,000 daily infections recorded in January. , that is, a worldwide contraction of 35 percent.
In U.Sindicates to the futures market that moderate losses could be seen in the major indices, particularly among industrial sector issuers, extending the downward correction in gains seen in February.
During the session, the exchange rate is expected to trade between 19.90 and 20.15 pesos per dollar.
Dollar in real time
The euro It sells at the window for up to 24.74 pesos and is bought for 24.21 pesos. For his part, pound sterling It is offered for 28.00 pesos and bought for 27.67 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 19.95 pesos in the previous session per dollar.
With information from Reuters
MRA