The Mexican peso it is operating at a profit against the dollar on Thursday morning. The local currency is valued for the second consecutive day after a day without official registration due to the holiday preceding the day of the Mexican Constitution.
The exchange rate it stands at the level of 20.2600 units per dollar against a record of about 20.4500 units yesterday, with the Reuters reference price. The move means a profit of 19 cents or 0.92 percent.
The pair is moving in a range between a low of 20.1874 units and a ceiling of 20.3937 units. The local currency is moving forward with the expectation of greater fiscal stimulus in the United States that could be positive for Mexico.
“Tax incentives would help push Mexico’s recovery through exports. It should be remembered that Mexico is one of the United States’ most important commercial partners,” Banco Base said in a report.
Yesterday, a meeting took place between Republican and Democratic leaders of the US Congress to discuss the fiscal aid program, which has been described as fruitful. The market is looking forward to risky assets.
The most valued currencies against the dollar are the Brazilian real, the Russian ruble, the peso, the South African rand and the Canadian dollar, all of which come from oil-producing countries. The prices of this asset are also profitable.