Exchange rates in Mexico today: How much is the dollar quoted this Tuesday, March 9, 2021? | Exchange rate Banamex | Mexican peso SAT | MX quote | MEXICO

The exchange rate in Mexico opened lower on Tuesday, February 9 after four consecutive rises, affected, among other things, by the stabilization of yields on US Treasury bonds that allowed increases in risk currencies.

The U.S. currency was trading at 21,247 Mexican pesos, a loss of 1.22% from 21,5090 pesos in Monday’s Reuters reference price. U.S. Treasury bond yields were recovering from a strong liquidation on Monday.

At the local level, consumer prices in Mexico grew 0.63% in February compared to the previous month, leaving annual inflation at 3.76%, the National Institute of Statistics and Geography reported on Tuesday ( Inegi).

In the same month of the previous year, the corresponding data reflected an increase in the national consumer price index (CPI) of 0.42% per month, so that inflation stood at 3.70 % the annual rate.

“The annual change in the national consumer price index showed an upward inflection in October 2020. In February 2021, general inflation stood at 3.76%,” Inegi president Julio A. Santaella said on Twitter.

The underlying price index, considered a better parameter to measure general scarcity because it eliminates highly volatile items in its prices, rose 0.39% monthly and left the annual rate at 3.87%, ha noted the Inegi in a statement.

Within the underlying goods and services subgroup, goods increased 0.52% and services grew 0.25%, with an annual rate of 5.54% and 2.06%, respectively.

With information from Reuters and EFE.