When starting operations the price of the dollar today Friday is up to 20.46 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.03 pesos per dollar, With a loss of 0.45 percent.
Citibanamex sells the dollar at 20.46 pesos, meanwhile BBVA Mexico does it at 20.33, Banorte at 20.30, Santander at 20.03 i Aztec Bank in 19.91 units.
the weight it depreciated after three rises in the face of a rise in the dollar, while heading towards a marginal advance in the week. The dollar was recovering from losses caused by weak US labor market data released on the eve, when the weight hit its best level in more than two weeks.
How is the exchange rate going?
Base Bank explained in a report that the weight erased most of the appreciation yesterday and accumulates an advance of just 0.27 percent or 5.3 cents a week. In line with expectations, the dollar-weighted index shows an upward correction of 0.20 percent, after losing ground for five consecutive sessions, something not seen since November 2020. This rebound effect causes most currencies to depreciate against the dollar during the last session of the week and only three show an appreciation, the Indian rupee with 0.14 percent, the Swedish krona with 0.06 percent and the pound. Turkish with 0.02 percent.
“Going forward, the U.S. dollar is likely to maintain its weakening trend as long as the Federal Reserve continue to reiterate the need to continue a broadly flexible monetary stance. In the coming weeks the main determinant of the weakness of the dollar will be the progress made in the United States Congress for the approval of the $ 1.9 trillion fiscal stimulus package, which is speculated could be approved in March, “he said.
Another factor contributing to the weakness of the dollar is news of increased availability of covid-19 vaccines, which reduces the perception of risk in global financial markets. The president of United States, Joe Biden, Has reported that it secured about 200 million more doses of pharmaceuticals Pfizer and Modern, Who pledged to deliver them before July. He also indicated that the number of doses available for the summer could increase if the vaccine is approved Johnson & Johnson. en Japan, A panel of experts signed the approval of the vaccine against covid-19 developed by Pfizer, With official government confirmation expected to be announced over the weekend, this would be the first vaccine approved in Japan.
He said that a gradual decrease in the number of daily coronavirus infections continues to be observed, as in the week from Monday to Thursday an average of about 410 thousand daily infections were recorded, after in January they were recorded from average 630,000 infections daily, or a contraction of 35 percent globally.
en United States, The futures market indicates that moderate losses could be observed in the main indices, in particular in broadcasters in the industrial sector, extending the downward correction in gains observed during February.
During the session, the exchange rate is expected to trade between 19.90 and 20.15 pesos per dollar.
Dollar in real time
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the euros is sold over the counter at a maximum of 24.74 pesos and is bought at 24.21 pesos. For its part, the pound sterling is offered at 28.00 pesos and is purchased at 27.67 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 19.95 pesos per dollar.
With information from Reuters
MRA
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