Mexico City /
When starting operations the price of the dollar today Tuesday is up to 20.42 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.03 pesos per dollar, with a gain of 0.33 percent.
Citibanamex sells the dollar at 20.42 pesos, meanwhile BBVA Mexico does it at 20.26, Banorte at 20.25, Santander a 20.11 i Aztec Bank in 19.20 units.
the weight it appreciated after earlier reaching its lowest level in more than a month, while the dollar showed strength amid little progress on a new package of economic stimulus to help the United States cope with the crisis. the coronavirus.
How is the exchange rate going?
Base Bank explained in a report that the downward movement in the exchange rate is the result of a correction, as market participants continue to assess the likelihood of a 1.9 fiscal stimulus package being approved in the United States. trillions of dollars.
“Exchange rate volatility is likely to remain high as the pandemic of covid-19 it remains a risk to the economic recovery during the first quarter, as sessions will continue to oscillate between optimism over new stimulus measures and pessimism over the emergence of new cases. “
He recalled that in Germany, Angela Merkel he said the handling of the pandemic in his country has “gone out of control” so they will need stricter containment measures.
In contrast, in United States, Some states such as California, New York, Illinois and Michigan announced that they will begin relaxing containment measures.
“The above would mainly allow the reopening of restaurants, bars, aesthetics and cinemas. However, the latest news has not translated into greater optimism inside the US capital markets, where the main indices show a mixed performance prior to the opening, ”he considered.
Dollar in real time
(…)the euros is sold over the counter at a maximum of 24.79 pesos and is bought at 24.28 pesos. For its part, the pound sterling is offered at 27.40 pesos and is purchased at 27.39 pthese.
The Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.15 pesos per dollar.
With information from Reuters
MRA
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