When starting operations the price of the dollar today Thursday is up to 20.35 pesos in banks. Meanwhile, the exchange rate interbank stands at 19.77 pesos per dollar, with a loss of 0.69 percent.
Citibanamex sells the dollar at 20.35 pesos, while BBVA Mexico does it at 20.17, Banorte at 19.90, Santander at 19.66 i Aztec Bank in 19.66 units.
The peso depreciated after reaching its 10-month high on the eve, after the dollar bounced from its lowest levels since 2018 for safe haven purchases following the violence at the Capitol and profit-taking investors.
How is the exchange rate going?
Base Bank explained in a report that the weight starts the session with a depreciation, but the correction is widespread, as the weighted index of the dollar advances 0.39 percent after yesterday touched a low since February 2018.
For the above, all currencies lose ground against the dollar, the most depreciating being the Chilean peso with 1.83 percent, the South African rand with 1.49 percent and Mexican peso.
“It is important to note that the recovery of the dollar is not due to an increase in risk aversion in global financial markets (as they also lose safe haven currencies such as the Japanese yen by 0.57 percent and the Swiss franc by 0.55 per cent). hundred), but to the fact that the market continues to assess the possibility of implementing more aggressive fiscal stimuli in the United States in the coming months.
Besides, the triumph of Joe Biden, was confirmed by Congress, After the session was interrupted by protests at the Capitol. For their part, Democrats Raphael Warnock and Jon Ossof won the two pending seats in the Senate.
“With these results, Senate seats are split 50-50 between Republicans and Democrats, giving the casting vote, if necessary, to Vice President-elect Kamala Harris,” he referred.
Finally, speculation on new stimuli has caused the 10-year Treasury bond yield rate to rise by 2 basis points for the third day in a row, accumulating an increase of 14.1 basis points in the last three sessions and standing at at 1.05 percent, after touching a 1.06 percent high not seen since March 2020.
Dollar in real time
the euros is sold over the counter at a maximum of 24.89 pesos and is bought at 24.41pesos. For its part, the pound sterling is offered at 27.25 pesos and is purchased at 26.98 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 19.72 pesos per dollar.
With information from Reuters
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