When starting operations the price of the dollar today Tuesday was up to 20.56 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.18 pesos per dollar, with a loss of 0.26 percent.
Citibanamex sells the dollar at 20.56 pesos, meanwhile Banorte it does it in 20.45 pesos, BBVA Mexico at 20.38, Aztec Bank at 20.15 i Santander in 20.09 units.
The weight depreciated against the dollar while markets are waiting for the release later in the day of inflation figures in the United States.
How is the exchange rate going?
Base Bank explained in a report that the depreciation of the peso is in line with most currencies as the dollar strengthens 0.15 percent according to the weighted index, in the face of a decline in risk appetite in financial markets for two factors:
The first is that in United States health authorities recommended a pause in the use of the single-dose vaccine developed by Johnson & Johnson, after six cases related to blood clots were found after its application.
“Although the above will only slow down the vaccination process in which the research is done, the markets reacted negatively, as vaccination is closely related to the economic recovery process,” he refers.
Second, inflation of United States it stood at an annual rate of 2.6 percent during March, above the market expectation of 2.5 percent, the highest level since August 2018. In its monthly comparison, inflation was 0.6 percent, the largest monthly increase since August 2012, driven by energy prices, where gasoline prices rose 9.1 percent monthly.
On the other hand, in the bond market, the yield rate on 10-year Treasury bonds shows an increase of 1.4 basis points to 1.68 percent, while the 30-year bond rate rises 1.2 basis points to 2.34 per cent.
Today at 12:00 in central Mexico will be announced in the United States the result of the auction of $ 24 billion in 30-year Treasury bonds, where the most relevant data to be observed will be the number sometimes the sum placed was demanded. A significant decrease in this ratio could generate upward pressures on interest rates.
Dollar in real time
the euros it is sold over the counter at a maximum of 24.50 pesos and is bought at 23.96 pesos. For its part, the pound sterling is offered at 28.10 pesos and is purchased at 27.59 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 20.09 pesos per dollar.
With information from Reuters
MRA
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