Price of the dollar April 12

When starting operations the price of the dollar today Monday was up to 20.56 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.10 pesos per dollar, with a gain of 0.20 percent.

Citibanamex sells the dollar at 20.56 pesos, meanwhile Banorte it does it in 20.40 pesos, BBVA Mexico at 20.35, Aztec Bank at 20.20 i Santander in 20.11 units.

The weight was seen in the face of a global decline in the dollar as investors await the release of inflation data in United States this week.

How is the exchange rate going?

Base Bank explained in a report that most currencies show a moderate advance against the dollar. The weighted dollar index fell 0.11 percent. Meanwhile, caution is perceived in global financial markets.

“Follows the optimism associated with the global economic recovery. The president of the Federal Reserve, Jerome Powell, Mentioned in an interview that the US economy is at a turning point, where more rapid growth in the labor market will begin to be observed. The former, backed by the vaccination campaign, which records that 35.5 percent of the U.S. population has received at least one dose. “

Evidence of inflationary pressures related to the rapid economic recovery driven by flexible monetary and fiscal policies has been observed since last week, particularly in United States, Where inflation in March producer stood at 1 percent monthly and 4.2 percent annually, its highest level since September 2011.

The above, raises the probability that the Powered anticipate the abandonment of its broadly flexible monetary stance; in addition, upward pressures on interest rates could be generated in the primary and secondary markets of government securities, primarily in the United States. Higher interest rates reduce the attractiveness of holding positions in emerging economy stocks, which in turn raises the likelihood of episodes of weakness in their currencies.

In terms of economic indicators, in Mexico the International Travelers Survey of February. The country received 3.4 billion visitors during the month, 10.5 percent less than in January, and 58.3 percent less than in the same month last year.

As for graduates, a total of 2.93 billion visitors left the country, a figure 66.7 percent lower than in February 2020.

During the session, the exchange rate is expected to trade between 20.07 and 20.22 pesos per dollar. While a United States, The performance of the bonds of the treasure at 10 years it increases by 1.0 basis point, at a rate of 1.67 per cent, while in Mexico the yield on 10-year M bonds increases by 2.7 basis points, at 6.59 per cent.

Dollar in real time

the euros it is sold over the counter at a maximum of 24.43 pesos and is bought at 23.92 pesos. For its part, the pound sterling is offered at 28.00 pesos and is purchased at 27.62 pesos.

The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 20.16 pesos per dollar.

With information from Reuters

MRA

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