Mexico City /
The peso traded at 19.94 units per dollar near the close of the day, down 1.2 percent from Thursday’s 19.71 units of the benchmark price, hitting a weekly drop amid ‘an episode of uncertainty in financial markets due to the advance of the coronavirus pandemic. The dollar rose after three consecutive days of losses.
Dollar in banks
In banks the US currency was offered up to 20.41 pesos, as is the case of Citibanamex. Meanwhile, Banorte he did it at 20.20 pesos and BBVA Mexico in 19.95 units.
The peso, which fell momentarily to 20 units per US currency, was heading for a weekly low close to 0.9 percent.
The increase in covid-19 infections and deaths that forced tighter confinements has raised fears of generating a global recession, and these were exacerbated after weak economic data in Europe.
Economic activity in the eurozone contracted markedly in January, as restrictions imposed to contain the coronavirus pandemic severely affected the bloc’s important sector.
Analysts cited as a pressure factor for local assets, the fact that Mexico reported a new daily record of coronavirus deaths and infections Thursday night.
Real time dollar
(…)In the debt market, the yield on the 10-year bond closed stable at 5.29 percent, while the 20-year rate rose one basis point to 6.42 percent.
With information from Reuters …
lvm