When starting operations the price of the dollar today Tuesday is up to 20.70 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.09 pesos per dollar, with a loss of 0.05 percent.
Citibanamex sells the dollar at 20.70 pesos, meanwhile Banorte i BBVA Mexico they do it at 20.35, Santander a 20.08 i Aztec Bank in 19.10 units.
the weight operated almost unchanged from the previous close after local inflation was expected to accelerate more than expected in January, lowering expectations of a drop in the benchmark interest rate in the bank’s decision central this week.
How is the exchange rate going?
Base Bank explained in a report that the foreign exchange market shows a general weakening of the US dollar, as most currencies are gaining ground, with the South African rand standing at 0.58 percent, the Japanese yen at 0.57 percent and the Swiss franc by 0.56 percent. Because emerging economies and advanced economies are advancing, appreciations of the franc and the yen are not the result of increased demand for safe haven currencies.
“In the capital markets there is greater caution, mainly in Europe where the main indices lose on average about 0.15 percent. However, losses are moderate and the result of a correction,” he said.
en United States the futures market points to a possible correction during the session, after the main indices reached new all-time highs during yesterday’s session. It is not ruled out that capital markets will continue their upward trend, given the expectation of new fiscal stimulus in the United States.
Yesterday, at House of Representatives the Democrats unveiled the draft stimulus legislation that will be sought to pass. It is speculated that the approval of the stimuli will take place in March.
As for relevant news, in Mexico, on 11 and 12 February the Energy Committee of the Chamber of Deputies will have an open parliament with experts and specialists to discuss the proposed reform in the Electricity Industry Act.
On the other hand, the initiative announced in support of migrants to facilitate the entry of dollars for migrants and their families was published yesterday. With the initiative, migrants will be able to open accounts remotely through the Welfare Bank, have exchange centers available and have more support from financial institutions in Mexico. The governor of the Bank of Mexico, Alejandro Díaz de León, has indicated that the measure will mainly benefit the border municipalities where the exchange of cash dollars is most used, although he has indicated that the central institution will remain respectful of the decision.
In terms of economic indicators, in January inflation stood at 3.54 percent year-on-year, after closing last year at 3.15 percent.
During the session, the exchange rate is expected to trade between 20.02 and 20.34 pesos per dollar.
Dollar in real time
(…)(…)the euros sand sells over the counter at a maximum of 24.80 pesos and is bought at 24.28 pesos. For its part, the pound sterling is offered at 28.05 pesos and is purchased at 27.69 pesos.
the Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.12 pesos per dollar.
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With information from Reuters
MRA
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