When starting operations the price of the dollar today Wednesday is up to 20.76 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.27 pesos per dollar, with a loss of 0.65 percent.
Citibanamex sells the dollar at 20.76 pesos, meanwhile BBVA Mexico does it at 20.57, Banorte at 20.55, Santander at 20.30 i Aztec Bank in 20.16 units.
The weight depreciated against the dollar, While US bond yields rose again in the face of prospects for greater economic recovery and a possible acceleration of inflation in the world’s largest economy.
How is the exchange rate going?
Base Bank explained in a report that the depreciation of the peso is mainly the result of an upward correction of the US dollar, the weighted index is up 0.25 percent, observing a strengthening against most major crossings of the dollar. In the financial markets there is an increase in the perception of risk, with capital markets in Europe showing an average decline of 0.20 percent, due to the publication of quarterly reports worse than expected.
Meanwhile, in the commodity market gains continue to be observed, highlighting the commodities energetic. The WTI is up 1.53 percent, trading at $ 60.97 a barrel and hitting a high of $ 61.26, a level not seen since Jan. 8, 2020.
For its part, the price of natural gas shows a decrease in the session of 0.86 percent, but accumulates an increase in the week of 6.59 percent, while gasoline rises 2.26 percent in the session and accumulates an increase weekly of 7.08 percent.
The above is still the result of severe frosts that have hit the southern United States and in particular the state of Texas, which has reduced oil production to about 3.5 million barrels per day or about a third of the US oil production.
“It is estimated that the effects on production will continue during the week and it is not ruled out that these will spread during February, affecting in turn the supply of electricity in the southern United States and Mexico,” he said.
The above has led to continued cuts in energy cuts in Mexico, which according to media have carried out random cuts in at least 29 states, beyond the 12 initially announced.
“These energy cuts are having a direct impact on economic activity and could be significantly reflected in the economic growth of the first quarter of this year,” he stressed.
Dollar in real time
the euros is sold over the counter at a maximum of 24.93 pesos and is bought at 24.42 pesos. For its part, the pound sterling is offered at 28.50 pesos and is purchased at 28.10 pesos.
The Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.20 pesos per dollar.
With information from Reuters
MRA
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