At the start of operations, the price of the dollar is up to 21.25 pesos in banks today on Friday. Meanwhile, the interbank exchange rate stands at 20.76 pesos per dollar, with a loss of 0.80 percent.
Citibanamex sells the dollar to 21.25 pesos while BBVA Mexico did it in 21.04, Banorte at 9:05 pm, Santander at 20.80 and Azteca Bank in 20.84 units.
It lost weight to himhe pressure from speculation that the Federal Reserve may adopt a less flexible monetary stance in light of the accelerated economic recovery in the United States.
How’s the exchange rate going?
Basic sofa He explained in a report that the peso begins the session with a depreciation before the US dollar’s upward pressure returns. In the currency market, almost all currencies in the broad basket with main crosses show a depreciation.
“The Mexican peso was the most depreciated currency, although it reduced losses from 7:30 am when the Producer Price Index was published in the United States,” he said.
In recent weeks, the market has turned its attention to price indicators in the United States, given the speculation about inflationary pressures and that, as a result, it is believed that these could cause the Fed to moderate its monetary policy, which has so far been has happened. largely accommodative.
“The strengthening of the dollar continues to exert upward pressure on bond market interest rates, with 10-year Treasury yields rising 5.4 basis points to 1.59 percent, to a maximum of 1.61 percent, close by. the maximum in the year. of 1.62 percent, ”he said.
The pressure is due to ongoing speculation that the Federal Reserve may adopt a less flexible monetary stance in light of the accelerated economic recovery in the United States. Although expectations for US economic growth in 2021 are on average close to 5 percent, which has already been considered an optimistic scenario, some projections in the market are between 6 and 7 percent.
To the above it has been added that yesterday Joe Biden enforced the $ 1.9 trillion Coronavirus Relief Act. On the other hand, Biden said at his press conference that by May 1, all American adults will be eligible for vaccination, hoping to begin the full reopening of the economy in early July.
Real time dollar
The euro It is sold at the window for up to 25.27 pesos and for 24.78 pesos. For his part, pound sterling It is offered for 29.30 pesos and is bought for 28.86 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.71 pesos in the previous session per dollar.
With information from Reuters
MRA