Mexico City /
At the start of operations the price of the dollar today Wednesday was up to 21.15 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.70 pesos per dollar, with a loss of 0.41 percent.
Citibanamex sells the dollar at 21.15 pesos per dollar, meanwhile BBVA Mexico does it at 20.96, Banorte at 20.85 pesos, Aztec Bank at 20.70 i Santander in 20.61 units.
The weight depreciated in the face of a global advance of the dollar, in a market with a view to the later disclosure of the monetary policy announcement of the United States Federal Reserve (Fed).
How is the exchange rate going?
Base Bank explained in a report that the weight starts the session with a depreciation due to the general strengthening of the US dollar, the weighted index moves 0.24 percent, after remaining with few changes during the first two sessions of the week.
“The strengthening of the dollar is in turn the result of an upward movement in interest rates on Treasury bonds, the 10-year rate reached a high of 1.6 percent, a level not seen since February 6, 2020.
Before the announcement of monetary policy of the Federal ReserveThe reaction of the financial markets is expected to remain unchanged at the interest rate and the bond purchase program.
However, an upward adjustment in inflation expectations, economic growth and in the projection on future interest rate movements is anticipated. It should be remembered that in the last three months new fiscal stimuli have been approved and the global vaccination process has also begun, which has progressed rapidly, mainly in advanced economies.
The market will also be attentive to the comments of the President of the Fed, Jerome Powell, Who will give his press conference at 12:30 p.m.
(…)Dollar in real time(…)
(…)the euros it is sold over the counter at a maximum of 24.80 pesos and is bought at 24.66 pesos. For its part, the pound sterling is offered at 28.90 pesos and is purchased at 28.72 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 20.57 pesos per dollar.
With information from Reuters
MRA
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