The dollar reports its highest price in almost a month, given the uncertainty related to restrictions on infections and the new strain of VOCID-19, as well as the possible trial of the dismissal of US President Donald Trump, among others. other factors.
The exchange rate this morning stands at 20.16 pesos per dollar, A depreciation of the Mexican currency of 0.7% or 15 cents relative to last Friday’s close, according to wholesale quotes reported by Bloomberg.
This is the second day in a row that the dollar is exchanged for more than 20 pesos and also means its highest price since December 14, when it stood at 20.24 units.
In CitiBanamex windows, the currency sells for 20.61 pesos, 18 cents more expensive than Friday and its highest price also since December 14, when it was offered at 20.68 units.
Banorte analysts relate the gains in the dollar to restrictions on contagion and the new strain of the coronavirus; the possible trial of President Trump’s removal in the coming days; speculation about a less aggressive use of the U.S. Federal Reserve (Fed) balance sheet; and concern about high ratings amid negative surprises in economic activity figures.
Market attention this week will focus on the evolution of COVID-19 infections and deaths after the holiday period, though also on advances on global vaccination programs, the presidential transition to the American Union, and possible official election results for the Senate in Georgia.
In the United States, Fed Chairman Jerome Powell will have a public appearance this Thursday, while a day earlier, Vice President Richard Clarida will do so. In the Old Continent, the European Central Bank will publish the minutes of its last monetary policy meeting.
OA