When starting operations the price of the dollar today Friday is up to 20.66 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.20 pesos per dollar, with a gain of 0.80 percent.
Citibanamex sells the dollar at 20.66 pesos, meanwhile Banorte does it at 20.55, BBVA Mexico at 20.50, Santander at 20.39 i Aztec Bank in 20.26 units.
The weight was appreciated after two declining sessions, after the US Senate approved a budget plan that opens the door to the authorization of a package of fiscal aid proposed by the president Joe Biden.
How is the exchange rate going?
Base Bank explained in a report that the weight it begins the session with an appreciation because the US dollar slowed its appreciation, with the weighted index of the dollar losing 0.12 percent.
Among the main crossings, currency performance is mixed, evidence that market participants have been waiting for the publication of relevant economic indicators, such as the monthly employment report showed the creation of 49,000 jobs during January, below the market expectation of 100,000 jobs.
en United States, The Senate already approved the proposed budget resolution, with a 51-50 vote counting the vote of Vice President Kamala Harris. The above raises the likelihood of approving the $ 1.9 trillion fiscal stimulus package with a simple majority, without the need for a bipartisan agreement.
“Another factor that could raise optimism is that the Food and Drug Administration (FDA for its acronym in English) noted that it will discuss the approval of the use of the vaccine developed by Johnson & Johnson, at a meeting scheduled for February 26th. The main advantage of this vaccine is that it only needs the application of a single dose, which would speed up the vaccination process, “he said.
For its part in Mexico, private consumption regained strength during November by presenting a monthly growth of 2.95 percent, adding six months in recovery. With this, consumption is 6.56 percent below the levels observed in November 2019, spinning 12 months of contractions.
Likewise, gross fixed investment recorded a monthly increase of 2.3 percent, after growing in October 3 percent. In annual terms, investment showed a contraction of 11.3 percent, adding up to 22 consecutive months of falls.
During the session, the exchange rate is expected to trade between 20.16 and 20.39 pesos per dollar. The euro started the session with an appreciation of 0.33 percent, trading at $ 1.2 per euro, while the pound advanced 0.31 percent and traded at $ 1.3 per pound.
Dollar in real time
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the euros it was sold over the counter at a maximum of 24.83 pesos and was bought at 24.36 pesos. For its part, the pound sterling it was offered at 27.81 pesos and was purchased at 27.80 pesos.
The Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.44 pesos per dollar.
With information from Reuters
MRA
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