Mexico City
When starting operations, the price is of dollar today Thursday it rose to 20.75 pesos in banks. Meanwhile, the interbank exchange rate is at 20.57 pesos per dollar, with a loss of 0.90 percent; yesterday after the announcement of the monetary policy of the US Federal Reserve lThe currency traded at 20.37 pesos per dollar.
Banorte sells the dollar at 20.75 pesos per dollar while BBVA Mexico does it at 8:72 pm, Azteca Bank at 8.40 pm and Santander in 20.37 units.
The peso depreciated in line with most of its emerging market counterparts, driven by a stronger dollar and a rise in US bond yields. American treasury, pending an inflationary recovery in that country.
How’s the exchange rate going?
Basic sofa He explained in a report that the Mexican peso starts the session with a depreciation trading around 20.57 pesos per dollar, with the exchange rate hitting a minimum of 20.28 and a maximum of 20.59 peso per dollar.
Speculation has resumed in global financial markets causing inflation U.S It could accelerate after yesterday the Federal Reserve did not change its expectations for interest rates expected to remain unchanged until 2023, while at the same time raising expectations for inflation and economic growth.
Due to speculation that inflation could accelerate the yield on US bonds treasure The 10-year rate shows an increase from 9.6 basis points to 1.74 percent, to a maximum of 1.7 percent that has not been seen since January 24, 2020. Likewise, the 30-year rate rises 8.2 basis points to 2.00 basis points 5 percent. Percent, levels not seen since August 1, 2019.
“There are still internal factors that increase the Mexican peso’s vulnerability to speculation against it. Yesterday the president of Mexico noted that if it is found that the reform of the Electricity Sector Act it is unconstitutional, it will send an initiative to reform the constitution, even though two-thirds of Congress is required to pass it. The foregoing could increase perceptions of risk with regard to Mexico, and in turn increase the risk of greater exchange rate fluctuations, ”he said.
Real time dollar
The euro It is sold at the window for up to 24.86 pesos and for 23.85 pesos. For his part, pound sterling It is offered for 28.85 pesos and bought for 23.85 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.68 pesos in the previous session per dollar.
With information from Reuters
MRA