Mexico City /
When starting operations the price of the dollar today Friday is up to 20.44 pesos in banks. Meanwhile, the exchange rate Interbank traded at 19.87 pesos per dollar, with a gain of 0.64 percent, after closing above 20 pesos yesterday.
Citibanamex sells the dollar at 20.44 pesos, while BBVA Mexico does it at 20.23, Banorte at 20.30, Santander a 20.01 i Aztec Bank in 19.20 units.
The weight gained and recovered after a session of strong losses, taking advantage of the global weakness of the dollar generated after the recent publication of employment figures in United States corresponding to December.
How is the exchange rate going?
Base Bank explained in a report that the weight log in with an appreciation after in United States the monthly employment report was published, which showed the destruction of 140 thousand non-agricultural jobs during December, contrary to the market’s expectation of a creation of 50 thousand jobs and being the first decrease in employment since April. Likewise, the unemployment rate stood at 6.7 percent, unchanged from the previous month.
“Because it shows job destruction, that raises the likelihood that Democrats will implement a more aggressive fiscal stimulus package for economic recovery,” he referred.
Although caution has been observed in the foreign exchange market since yesterday, another session of optimism in the capital market is anticipated today, where issuers continue to move forward in the face of the expectation of greater fiscal stimulus in the United States with the beginning of the administration of Joe Biden and a Congress controlled by the Democratic Party.
An additional factor of optimism for the markets is that a study of the University of Texas revealed that covid-19 vaccines developed by Pfizer and BioNTech they are effective against virus variants, including the strain that emerged in the UK. However, in the short term, it should not be forgotten that covid-19 remains a threat due to the accelerated growth in the number of cases and deaths globally.
Dollar in real time
the euros is sold over the counter at a maximum of 24.96 pesos and is bought at 24.50 pesos. For its part, the pound sterling is offered at 27.25 pesos and is purchased at 27.17 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 19.91 pesos per dollar.
With information from Reuters
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