Price of the dollar April 12

When starting operations, the price is of dollar today it was Monday to 20.56 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.10 pesos per dollar, with a gain of 0.20 percent.

Citibanamex sells the dollar at 20.56 pesos while Banorte it does it in 20.40 pesos, BBVA Mexico at 8.35 pm, Azteca Bank at 8.20 pm and Santander in 20.11 units.

The peso appreciated amid a global fall in the dollar as investors await the release of inflation data in USA this week.

How’s the exchange rate going?

Basic sofa explained in a report that most currencies show moderate gains against the dollar. The dollar weighted index is down 0.11 percent. Meanwhile, caution is advised in global financial markets.

“The optimism associated with the global economic recovery continues. The president of the Federal Reserve, Jerome PowellHe said in an interview that the US economy is at a turning point where it will start to see faster growth in the labor market. This is supported by the vaccination campaign, which records that 35.5 percent of the US population has received at least one dose. “

As of last week, there have been indications of inflationary pressures associated with the rapid economic recovery, driven by flexible monetary and fiscal policies, particularly in USA, where producer inflation was 1 percent per month and 4.2 percent per year in March, the highest level since September 2011.

This increases the chance that the fed anticipate giving up your generally flexible monetary stance; In addition, there could be upward pressure on interest rates in the primary and secondary government paper markets, particularly in the United States. Higher interest rates reduce the attractiveness of positions in emerging economies equities, which in turn increases the likelihood of weak currencies in their currencies.

With regard to economic indicators, in Mexico the International Traveler Survey February. 3.4 billion visitors entered the country during the month, 10.5 percent less than in January and 58.3 percent less than in the same month as last year.

In terms of spending, a total of 2,000 93 million visitors left the country, 66.7 percent lower than in February 2020.

During the session, the exchange rate is expected to trade between 20.07 and 20.22 pesos per dollar. meanwhile in USA, the bond yield of the treasure a 10-year bond rises 1.0 basis points, at a rate of 1.67 percent, while in Mexico the yield of the 10-year M bonds rises 2.7 basis points to 6.59 percent.

Real time dollar

The euro It is sold at the window for up to 24.43 pesos and for 23.92 pesos. For his part, pound sterling It is being offered for 28.00 pesos and acquired for 27.62 pesos.

The Bank of Mexico (Banxico) recorded an exchange rate of 20.16 pesos in the previous session per dollar.

With information from Reuters

MRA

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