Mexico City /
the weight traded at 19.67 units per dollar near the close of the session, gaining 0.84 percent from 19.83 pesos on Wednesday’s benchmark price, on a day where investors expected to know later day details of the plan economic stimuli from the incoming president of the United States, Joe Biden.
Dollar in banks
In banks the US currency was offered up to 20.14 pesos, as is the case of Citibanamex. Meanwhile, BBVA Mexico he did so at 19.93 pesos and Banorte in 20 pesos.
The assets also benefited from comments from Federal Reserve Chairman Jerome Powell that the central bank will not raise interest rates soon, which pushed the dollar back.
Analyst reports said support for reviving the world’s largest economy that the US president-elect would propose to Congress could hover between $ 1.5 trillion and $ 2 trillion.
“The market assumes a high probability for approval of this plan, given the legislative majority of Democrats,” Voice For More said in a report.
Real time dollar
(…)In the debt market, the yield on the 10-year bond rose one basis point to 5.38 percent, while the 20-year rate fell two to 6.50 percent.
With information from Reuters …
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