When starting operations, the price is of dollar today Thursday it is up to 20.38 pesos in banks. Meanwhile, the interbank exchange rate stands at 19.92 pesos per dollar, with a gain of 0.48 percent.
Citibanamex sells the dollar at 20.38 pesos while BBVA Mexico does it at 8.21 pm, Banorte at 8.15 pm, Santander in 20.04 and Azteca Bank in 19.76 units.
The peso appreciated below the $ 20 threshold hand in hand with other emerging currencies as the market awaited the monetary policy decision from the US Bank of Mexico
How’s the exchange rate going?
Basic sofa explained in a report that eThe exchange rate fell for three consecutive sessions. In the last five sessions (taking into account last Friday), the peso has appreciated 2.18 percent or 44.5 cents.
“The forex market is seeing a weak dollar, losing 0.13 percent and gaining five consecutive sessions, something that hadn’t happened since mid-November 2020,” he said.
The above stated that it is due to the weakness of the dollar the expectation continues very flexible monetary and fiscal policy in the United States. In line with expectations, the dollar has continued to weaken after the president of the Federal Reserve, Jerome Powellstressed the importance of increased fiscal stimulus, especially given the slow recovery in the labor market.
The Fed chairman reiterated that full employment is still a long way off, so the central bank will continue to use all its tools to support the economic recovery.
During the session, the performance of the exchange rate may be affected by the monetary policy decision of Banco de México scheduled for today, where the board will likely cut interest rates again by 25 basis points to 4 percent, ”he added.
However, an allegation of caution cannot be ruled out, mainly due to evidence of inflationary pressures in January given the monthly increases in gasoline and food product prices.
Among the most valued currencies this morning, those of emerging economies or countries that produce commodities stand out. The South African rand is the most valued currency at 0.88 percent, followed by the Brazilian real at 0.84 percent, the Chilean peso at 0.67 percent, the Mexican peso, the Turkish lira at 0.44 percent and the Russian ruble with 0.43 percent.
This behavior in the exchange market is not accompanied by gains in the commodity market, where mixed behavior is observed, with loss of energy prices.
Dollar in real time
The euro It is sold at the window for up to 24.70 pesos and bought for 24.19 pesos. For his part, pound sterling It is offered for 27.95 pesos and bought for 27.00 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.05 pesos in the previous session per dollar.
With information from Reuters
MRA