When starting operations the price of the dollar today Thursday is up to 20.76 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.30 pesos per dollar, with a loss of 0.60 percent.
Citibanamex sells the dollar at 20.76 pesos, meanwhile BBVA Mexico does it at 20.57, Banorte at 20.50, Santander at 20.21 i Aztec Bank in 20.06 units.
the weight depreciated for the second consecutive day in the face of a global dollar advance, while investors await news on fiscal stimulus measures in United States to deal with the effects of the coronavirus epidemic. 
How is the exchange rate going?
Base Bank explained in a report that the peso-dollar parity is again piercing the key resistance of 20.30 pesos, showing a moderate upward trend. In the foreign exchange market, the dollar strengthened again with the weighted index showing an advance of 0.16 percent, as in United States the release of better-than-expected economic indicators during yesterday’s session has generated speculation that additional inflationary pressures could soon be observed.
“The indicator was published yesterday ISM of services by 58.7 points during January, being its best level since February 2019. Also, the survey ADP of private sector employment, published on Wednesday’s session, showed the creation of 174,000 job positions, above the 70 thousand expected by the market and compensating for the loss of jobs in December, “he detailed.
He added that in the bond market, the expectation of inflationary pressures has translated into a steady increase in the rate of return on bonds. treasure. The 10-year bond rate has risen for six consecutive sessions from 14.2 basis points to 1.16 per cent, approaching its highest level in January of 1.1855 per cent.
In the foreign exchange market, the dollar gains against most currencies, and the Mexican peso the fourth most depreciated currency, behind the Swedish krona with 0.62 percent, the South African rand with 0.59 percent and the Polish zloty with 0.51 percent. Although the dollar is strengthening, a pattern consistent with a higher perception of risk in the foreign exchange market is not observed, as they lose currencies from emerging and advanced economies.
In relevant events, today the United States Senate will discuss the proposed budget resolution, which would allow a simple majority to approve much of the $ 1.9 trillion package proposed by Joe Biden. Also today, will be the meeting between Janet Yellen and financial regulators, where the recent episode of volatility observed in the stock market will be discussed.
Dollar in real time
(…)the euros is sold over the counter at a maximum of 24.83 pesos and is bought at 24.36 pesos. For its part, the pound sterling is offered at 27.81 pesos and is purchased at 27.80 pesos.
The Bank of Mexico (Banxico) Recorded the previous session a tipus of change of 20.19 pesos per dollar.
With information from Reuters
MRA
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