Mexico exchange rate today: how much is the dollar trading today Wednesday, March 17, 2021 | Exchange rate Mexican peso quote | Banamex | SAT | MX | NNDC | MEXICO

The exchange rate was seen on Wednesday in the Mexican market in a context of global dollar growth and the local market with an eye on the later release of the Federal Reserve’s (Fed) monetary policy announcement. United States, Reuters reported.

Thus, the US currency was trading at 20.7060 Mexican pesos, a gain of 0.41% against the reference price of Reuters on Tuesday.

“The Federal Open Market Committee of the monetary body is expected to issue its statement later after a two-day meeting”, Reuters reported.

At the local level, the president of Mexico, Andrés Manuel López Obrador, accused two Canadian miners of operating in the country illegally on Wednesday and warned that their concessions would be withdrawn if they did not correct their operation.

“I hope the Government of Canada helps us, otherwise we will act legally,” expressed the president of the leftist National Regeneration Movement (Bruna) in his morning press conference at Palau Nacional.

Specifically, the president pointed to the mine in Cosalá (Sonora), operated by the Canadian Americas Gold And Silver, where workers chose a union “But because it’s not to the company’s liking, it doesn’t want to start activities.”

Following this conflict, López Obrador asked the Mexican Secretary of Foreign Affairs, Marcelo Ebrard, to “Talk to the Government of Canada and have them explain this situation.”

“It will not be understood as a threat or warning, but if the legality is not respected, the Government can revoke the concession and there will be no shortage of companies that want, according to the law, to carry out the work in the mine,” said the president.

Freedom of association was one of the foundations of the labor reform promoted by Mexico to be able to sign the new free trade agreement with the United States and Canada (T-MEC), in force since July last year.

López Obrador also criticized that in the Tayolitita mine (Durango), the Canadian First Majestic “You don’t want to pay taxes” and is looking for international instances to prevent it.

With information from Reuters and EFE.