When starting operations the price of the dollar today Tuesday was up to 20.27 pesos in banks. Meanwhile, the interbank exchange rate stands at 19.86 pesos per dollar, with a marginal gain of 0.27 percent.
Citibanamex sells the dollar up to andn 20.27 pesos, while Banorte it does it in 20.15 pesos, BBVA Mexico at 20.06, Aztec Bank at 19.95 i Santander in 19.82 units.
the pes sand depreciated after six sessions with gains that took it to its best three-month level, while the dollar stabilized after hitting its lowest level in nearly seven weeks.
How is the exchange rate going?
Base Bank explained in a report that the weight starts the session with a depreciation, the first after six consecutive sessions on the rise. The depreciation of the peso shifts to another currency of emerging economies, such as the South African rand which loses 0.46 percent and the Brazilian real which loses 0.35 percent, in the face of a deterioration in appetite for risk in global financial markets.
“The weighted dollar index remains stable, although it shows a minimum advance of 0.02 percent, the first since Friday, April 9. There are also losses for assets considered to be at higher risk, such as the stock market. capitals, ”he said.
Losses are associated with caution prior to the publication of quarterly results in the United States, as no relevant economic indicators will be published today. Among the companies that will publish their results stand out Johnson & Johnson, Procter & Gamble and Netflix.
Among the companies with the largest falls in recent days are those of transport services, so that additional declines could be observed during the session in the face of global growth in cases of coronavirus.
As of yesterday, the average of 7 days of new global cases reaching a historic level of 759,000 843 confirmed daily, about 25 per cent of these cases have been reported in India, although several countries globally return to consider mobility restrictions.
Regarding relevant events in Mexico, It is important to mention that last night the minutes of the Senate were approved in Senate committees Hydrocarbon Law, Which will now be sent in full for discussion and likely approval.
The exchange rate has not been affected by this news, although the reform of Hydrocarbon Law has the potential to reduce foreign direct investment in Mexico, slow down economic growth and jeopardize the trade relationship with United States.
Dollar in real time
(…)the euros is sells over the counter at a maximum of 24.34 pesos and is bought at 23.89 pesos. For its part, the pound sterling is offered at 28.15 pesos and is purchased at 27.54 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 19.81 pesos per dollar.
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With information from Reuters
MRA
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