When starting operations the price of the dollar today Monday is up to 20.46 pesos in banks. Meanwhile, the interbank exchange rate stood at 19.96 pesos per dollar, with a loss of 0.04 percent.
Citibanamex sells the dollar at 20.42 pesos, meanwhile Banorte does it at 20.25, BBVA Mexico at 20.21, Santander at 19.94 i Aztec Bank in 19.76 units.
The peso operated with little change from the previous close in the face of a declining dollar and in a session in which less liquidity is expected due to a holiday that will keep the financial markets closed. United States.
How is the exchange rate going?
Base Bank explained in a report that the weight starts the session with few changes with respect to the close on Friday, while in the foreign exchange market there is a weakening of the US dollar with the weighted index of the dollar losing 0.11 percent , resuming its downward trend. The moderate appreciation of the weight is due to a combination of factors, among which are:
1. There is optimism in the global financial markets, starting with the Asian session. In Japan, quarterly economic growth of 3 percent was reported today during the fourth quarter, exceeding expectations of 2.4 percent.
The above had a positive impact on the capital market with the Nikkei 225 index advancing 1.91 percent. European capital markets have followed the trend, observing widespread gains, with major indices advancing by an average of 0.98 per cent. In the United States the financial markets (capital and bonds) will remain closed for President’s Day so a low volume of transactions in the foreign exchange market is anticipated.
2. Oil prices in the commodity market have risen. The price of WTI starts with an advance of 1.90 percent, trading at $ 60.60 per barrel, touching a high of $ 60.95, a level not seen since January 8, 2020. oil is rising due to the cold front that hit the state of Texas in the United States and has slowed crude production in the region which typically accounts for about 50 percent of the U.S. crude.
Oil production in the region has been reduced by about 1 million barrels per day from the nearly 6 million barrels that are normally produced per day.
Finally, cases of covid-19 continue to slow, in the United States on Saturday 84,000 infections were recorded, below the average of the last seven days of 97 thousand. UK authorities have announced that they have already met their first target of vaccinating all people over the age of 70, as well as health workers. The above also contributes to the optimism of the financial markets.
As for relevant news, today in Mexico began the vaccination plan for older adults in rural areas. The Ministry of Health noted that currently have only 870 thousand doses so that the application of vaccines in urban areas would have zero impact.
Real time dollar
the euros it is sold over the counter at a maximum of 24.55 pesos and is bought at 24.65 pesos. For its part, the pound sterling is offered at 28.00 pesos and is purchased at 27.05 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 19.96 pesos per dollar.
With information from Reuters
MRA
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