When starting operations the price of the dollar today Wednesday was up to 20.32 pesos in banks. Meanwhile, the interbank exchange rate stands at 19.89 pesos per dollar, with a marginal gain of 0.32 percent.
Citibanamex sells the dollar at 20.32 pesos, meanwhile Banorte it does it in 20.15 pesos, BBVA Mexico at 20.15, Aztec Bank at 19.89 i Santander in 19.89 units.
the weight it was appreciated after a fall in the previous session, in line with some other emerging economy currencies and in the opposite direction to the dollar that had been rising for a minimum of seven weeks.
How is the exchange rate going?
Bank Base explained in a report that the peso positioned itself as the most valued currency in the broad basket of major crossings and advancing to one of other emerging economy or commodity-producing currencies, such as the Russian ruble, with an increase of 0.26 per cent, the South African rand, with 0.14 per cent more, the New Zealand dollar, with 0.11 per cent more and the Canadian dollar, with 0.06 per cent more.
“In the global financial markets there is still caution, mainly in the capital market, as in Europe the main indices are partially recovering from Tuesday’s losses, advancing by an average of 0.70 per cent, while in the US the futures market shows mixed results, with the Dow Jones advancing just 0.03 percent and the Nasdaq losing 0.21 percent, as tech companies have been hit by quarterly earnings Netflix“, He said.
The company of streaming reported the inclusion of only 3.98 new subscribers in the first quarter, below the expected 6 million and with a forecast of just 1 million subscribers in the second quarter. It should be remembered that several companies in the technology sector benefited from the pandemic and the need for people to stay at home, a trend that is being reversed with the vaccination process, mainly in the United States.
yesterday the Senate of the Republic approved the reform on the regulation of outsourcing, thus amending Article 123 of the Constitution regarding the Labor Law. With the modifications, companies will be prohibited from outsourcing employees who are part of the company’s core economic activity.
“This means that companies will only be able to use this model if they require some place of specialization. Companies that currently have subcontracted employees will have three months to make a direct hiring. It is expected that with the approval of this reform will slow down the process of recovery of the labor market, which is already slow after in the first quarter recorded the lowest creation of formal employment since 2013, “he said.
Dollar in real time
(…)the euros it is sold over the counter at a maximum of 24.36 pesos and is bought at 23.87 pesos. For its part, the pound sterling is offered at 28.05 pesos and is purchased at 27.66 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 19.88 pesos per dollar.
With information from Reuters
MRA
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