When starting operations the price of the dollar today Friday was up to 20.63 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.17 pesos per dollar, With a loss of 0.44 percent.
Citibanamex sells the dollar at 20.63 pesos, meanwhile BBVA Mexico does it in 20.42, Banorte at 20.40 pesos, Aztec bencha at 20.20 i Santander in 20.16 units.
the weight depreciated slightly in line with most emerging market currencies, following a global strengthening of the dollar in the face of new concerns about a rise in inflation in China and its possible effect on prices and rates in United States.
How is the exchange rate going?
Base Bank explained in a report that most currencies are losing ground against the dollar, while the weighted index is up 0.20 percent. The strengthening of the dollar took place in the hours following the publication in China from inflation to the March producer which stood at an annual rate of 4.4 per cent, exceeding market expectations and at its highest level since July 2018.
“Because higher producer prices raise the likelihood of inflationary pressures being observed in other parts of the world, it also raises concerns about what might happen in the United States,” he refers.
He indicated that concern over the likely inflationary pressures arising from the economic recovery, increases in commodity prices in the first quarter of the year and the broadly accommodative monetary stances of most central banks has returned. Around the world, the 10-year Treasury bond yield rate on the money market is up 4.8 basis points to 1.67 percent.
Despite this morning’s depreciation, the week’s weight is accumulating an appreciation of 0.87 percent or 17.6 cents, advancing for the second week in a row as the dollar gave way during most sessions.
In terms of economic indicators, Inegi reported that the industrial activity indicator grew 0.4 percent during February in real terms, so there is a contraction of 3.1 percent at an annual rate. With this, the indicator accumulates 24 consecutive months of annual contractions, starting in March 2019.
On the other hand, the Monthly Indicator of Industrial Activity by federal entity of December of the year 2020, showed that in 13 states the industrial activity grew with respect to November, standing out the states of Guanajuato with 3.45 percent and Puebla with 3.07 percent.
Dollar in real time
the euros it is sold over the counter at a maximum of 24.45 pesos and is bought at 23.97 pesos. For its part, the pound sterling is offered at 28.00 pesos and is purchased at 27.69 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 20.08 pesos per dollar.
With information from Reuters
MRA
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