Mexico City. – The dollar reports the highest price in almost a month, given the uncertainty surrounding the restrictions caused by infections and the new strain of Covid-19, as well as the possible process of ousting the President of the United States, Donald Trump, Among others.
The exchange rate is this morning at 20.16 pesos per dollar, a depreciation of the Mexican currency of 0.7% or 15 cents from last Friday’s close, according to wholesale prices reported by Bloomberg.
This is the second consecutive day that the dollar is exchanged for over 20 pesos and also means its highest price since December 14, when it amounted to 20.24 units.
In CitiBanamex windows, the coin is sold at 20.61 pesos, 18 cents more expensive than on Friday and the highest price since December 14, when it was offered at 20.68 units.
The peso depreciated for the third session at the lowest level of the year due to renewed concerns over the advance of the Covid-19 pandemic. https://t.co/f1kQVdEeTP
– Forbes Mexico (@Forbes_Mexico)
January 11, 2021
Banorte analysts report the gains of the dollar with the restrictions due to the contagion and the new strain of coronavirus; the possible process of ousting President Trump in the coming days; speculation about a less aggressive use of the balance sheet by the United States Federal Reserve (Fed); and concern about high valuations amid negative surprises in economic activity figures.
This week’s market focus will focus on the evolution of Covid-19 infections and deaths after the holidays, but also on progress in global vaccination programs, the presidential transition in the US and the possible results of Georgia Senate election officials.
In the United States, Fed Chairman Jerome Powell will make a public appearance on Thursday, while Vice President Richard Clarida will attend the day before.
On the Old Continent, the European Central Bank will publish the minutes of its last monetary policy meeting.