When starting operations the price of the dollar today Wednesday is up to 21.45 pesos in banks. Meanwhile, el exchange rate interbank stands at 21.02 pesos per dollar, with a gain of 0.76 percent.
Citibanamex sells the dollar at 21.45 pesos per dollar, While Banorte does so at 21.31 pesos, BBVA Mexico at 21.26, Banco Azteca at 20.90 units and Santander at 21.00 units.
the weight was appreciated after the market knew inflation data in the United States during February they met expectations, which caused the dollar to retreat.
A fiscal stimulus plan in the United States to deal with covid-19, which on Wednesday could receive final approval in Congress, has raised fears that a speedy recovery of the world’s largest economy will bring with it an inflationary rise.
These concerns have led to sharp rises in the U.S. dollar and U.S. Treasury yields.
How is the exchange rate going?
Bank Base explained in a report that the weight log in with an appreciation of 0.59 percent, or 12.5 cents, With the exchange rate trading around 21.07 pesos per dollar, after inflation was released in the United States.
In February, the Consumer Price Index (CPI) showed an annual variation of 1.7 percent, In line with market expectations, while in its monthly comparison inflation was 0.4 percent, the financial group said.
Monthly inflation was driven by gasoline prices, accounting for more than half of the rise in the CPI, which means that there are no upward pressures on the underlying component of inflation, Something that had been speculated for a few weeks, he added.
Real time dollar
the euro is sold over the counter at a maximum of 25.02 pesos and is bought at 25.01 pesos. For its part, the pound sterling is offered at 29.22 pesos and is purchased at 29.21 pesos.
The Bank of Mexico (Banxico) recorded the previous session an exchange rate of 21.25 pesos per dollar.
With information from Reuters.
AMP