the Mexican peso became this Monday at the most depreciated currency in the world due to investor fears about the economic implications of the coronavirus pandemic, the discussion about reforming the Bank of Mexico law and after the President Andrés Manuel López Obrador reported that he tested positive for COVID-19.
The parity was located this morning in 20.21 pesos per dollar, A loss of the national currency 1.2% or 24 cents as for Friday’s close, they show prices at the Bloomberg agency’s wholesale.
It means the worst level of weight since January 11th, When at times of that day it reached 20.27 units per dollar.
On retail, CitiBanamex sells the dollar at 20.66 pesos, 25 cents more expensive than on Friday.
The Mexican peso is the most depreciated currency due to global fear of COVID-19 and the greater perception of risk about the country by the discussion on the reform of the Banxico law, said Gabriela Siller, chief economist at Base Bank .
Yesterday, HSBC chief economist Alexis Milo said the weight loss on Sunday afternoon coincided with the announcement that President Lopez Obrador has COVID-19, news that was given at 6 p.m .: 30 hours.
The BMV loses
The Mexican Stock Exchange (BMV) also reports losses this Monday and touches its own lowest level since December 31st.
The main stock market indicator stood at 44,347 points, a decrease of 0.8% compared to Friday and represents its fifth consecutive day of decline.
This is the longest negative streak since August 2020, when the Mexican stock market also tied five sessions in the red, from 18 to 24 this month.
I AM