When starting operations the price of the dollar today Tuesday was up to 21.11 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.65 pesos per dollar, with a loss of 0.05 percent, after closing in the previous session 20.55 pesos.
Citibanamex sells the dollar at 21.11 pesos, meanwhile BBVA Mexico it makes 20.90 pesos, Banorte does so at 20.85, Santander at 20.62 i Aztec Bank in 20.60 units.
The peso depreciated in the face of a strong dollar, while investors’ attention was focused on an appearance before Congress by U.S. Federal Reserve Chairman Jerome Powell and later the U.S. Secretary of State. Treasure, Janet Yellen.
How is the exchange rate going?
Base Bank explained in a report that the depreciation of the peso is the result of a strengthening of the US dollar, which according to the weighted index of the dollar advances 0.31 percent, after showing few changes during the session of yesterday. In the bond market, the 10-year Treasury bond yield rate fell 4.7 basis points to 1.6 percent from an increase in demand for risk-free assets.
“The higher perception of risk in global financial markets is due to the fact that, despite the efforts of advanced economies to vaccinate their population as the number of daily cases decreased with respect to December and January, they continue to observe high rates. of daily contagions, ”he referred.
In the foreign exchange market, the most depreciated currencies are the New Zealand dollar with 1.82 per cent, the Russian ruble with 1.27 per cent, the Australian dollar with 0.86 per cent and the Czech koruna with 0.85 per cent.
“The depreciation of the Mexican peso is moderate compared to other currencies and ranks 13th among the depreciated currencies,” he noted.
Today the attention of the markets will also be in the appearances of the President of the Federal Reserve, Jerome Powell and the Secretary of the Treasury, Janet Yellen, before the Committee on Financial Services of the House of Representatives from 10:00 hours, while tomorrow Wednesday they will appear before the Senate Banking Committee at 8 a.m., Central Mexico time.
Dollar in real time
(…)the euros sand sells over the counter at a maximum of 24.98 pesos and is bought at 24.46 pesos. For its part, the pound sterling is offered at 28.85 pesos and is purchased at 28.41 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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