At the start of operations the price of the dollar today Thursday was up to 21.26 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.86 pesos per dollar, with a gain of 0.35 percent, compared to 20.92 pesos recorded yesterday.
Citibanamex sell the dollar at 21.26 pesos, while Banorte it makes 21.20 pesos, BBVA Mexico 21.07, Santander at 20.81 i Aztec Bank in 20.60 units.
The weight appreciated moderately after recording a five-drop streak, while the market expected to hear later in the day the local central bank’s monetary policy announcement. 
How is the exchange rate going?
Base Bank explained in a report that the weight is one of the few currencies that is gaining ground, ranking as the second most appreciated currency, behind the Russian ruble with 0.47 percent.
“The stability of the exchange rate this morning is due in part to the fact that the market is waiting for the announcement of monetary policy by the Bank of Mexico scheduled for 13:00 hours, where it is likely that the target interest rate remains unchanged at 4.0 percent, after yesterday’s inflation data for the first half of March showed that inflationary pressures are higher than expected, “he said.
If it is confirmed that the rate remains unchanged, the weight could gain ground in the minutes following the announcement.
In the commodity market, the price of oil starts the session on Thursday with losses, although the Suez Canal remains blocked. Downward pressures for oil prices continue to be linked to nervousness surrounding demand for rising coronavirus infections in Europe and the re-imposition of containment measures in some regions of the bloc.
Faced with this, the WTI is starting the session trading at $ 59.43 per barrel, which equates to a price reduction of 2.86 percent. Upward movements in the price of oil cannot be ruled out, particularly if the Suez Canal is not unblocked before Monday 29 March.
In terms of economic indicators, 684,000 new applications for unemployment support were registered in the United States, below the 730,000 expected by the market and decreasing by 97 thousand compared to the previous week. It should be noted that this is the lowest level in 52 weeks, so it is a good sign for the recovery of the labor market.
Indicators were published in Mexico confirming a stagnation in the economic recovery at the beginning of the year. The Global Economic Activity Indicator (IGAE) for January recorded a modest monthly advance of 0.11 percent.
Dollar in real time
(…)the euros it is sold over the counter at a maximum of 25.10 pesos and is bought at 24.53 pesos. For its part, the pound sterling is offered at 29.05 pesos and is purchased at 28.56 pesos.
The Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.78 pesos per dollar.
With information from Reuters
MRA
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