Mexico City /
When starting operations, the price is of dollar today Wednesday it is up to 20.49 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.06 pesos each dollar, with a gain of 0.04 percent.
Citibanamex sells the dollar at 20.49 pesos, while Banorte does it at 8.35 pm, BBVA Mexico at 8.32 pm, Santander at 20.09 and Azteca Bank in 19.91 units. (Data from bank portals)
The weight It turned steady after the US inflation report that increased the dollar’s losses as the market awaits the monetary policy decision of the Bank of Mexico and a speech by the president of the Federal Reserve.
How’s the exchange rate going?
Basic sofa He explained in a report that in the forex market, the performance of currencies versus the dollar is mixed and the dollar-weighted index shows no changes from yesterday’s closing price. It is important to note that both emerging and advanced economies currencies and safe haven currencies are losing ground, so there is no pattern to indicate greater risk perception.
The most depreciated currencies are the Brazilian real at 0.79 percent, the New Zealand dollar at 0.43 percent, the Czech koruna at 0.40 percent, the Chinese yuan at 0.25 percent and the Japanese yen at 0, 19 percent, ”he said.
The stability of the exchange rate, and the low variability of the dollar weighted index, may be due to the market’s attention to a conference of Federal Reserve President Jerome Powell for the Economic Club of New York, today where he will talk about the working market.
“A message that once again confirms that monetary policy will remain broadly flexible despite the fiscal stimulus provided by the administration of Joe Biden, could cause a further weakening of the dollar against its major crosses. However, this does not mean that the Mexican peso will continue to rise in the near term as Mexico faces several internal risks, increasing the perception of relative risk in the market, ”he said.
Analysts foresee the low availability of vaccines against Covid-19, the lack of anti-cyclical fiscal policies that allow for a faster economic recovery, and the promotion of reforms that could slow investment and potential economic growth, such as the electrical reform. that will be discussed in the coming days.
During the session, the exchange rate is expected to trade between 20.06 and 20.24 pesos per dollar.
Dollar in real time
The euro It sells at the window for up to 24.80 pesos and is bought for 24.31 pesos. For his part, pound sterling It is offered for 28.05 pesos and bought for 27.75 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.09 pesos in the previous session per dollar.
With information from Reuters
MRA
The fact is, you don’t have to worry.
The fact is, you don’t have to worry.
The fact is, you don’t have to worry.