Exchange rates in Mexico today: How much is the dollar quoted this Wednesday, March 10, 2021? | Exchange rate Banamex | Mexican peso SAT | MX quote | MEXICO

The exchange rate opened lower on Wednesday in the Mexican market after inflation data in the United States became known during the month of February, which met expectations, which caused the US currency to fall.

The US dollar was trading at 21,0260 Mexican pesos, a loss of 0.76% against the 21,1880 pesos of the Reuters reference price on Tuesday.

The consumer price index in the United States rose 0.4% in February compared to the previous month, while year-on-year inflation stood at 1.7%, the Department of Work.

Underlying inflation, which excludes food and fuel prices, which are the most volatile, fell to 1.3% in one year, according to the government report.

The rise in February in consumer prices largely reflects a 6.4% increase in gasoline costs.

For its part, the price of food grew by 0.2%, to 3.6% year-on-year.

The rise in prices was reported on the day a new $ 1.9 trillion fiscal stimulus package proposed by U.S. President Joe Biden is expected to be approved in Congress to cushion the economic crisis caused by the pandemic.

With information from Reuters and EFE.