Mexico City. – A day after Donald Trump said goodbye to the White House, the Mexican peso is reaching its best against the dollar in the last ten months.
The exchange rate was this morning at 19.60 pesos per dollar, which implies an appreciation of the Mexican currency of 0.5% or nine cents compared to Monday, as well as the best position since March 2020, show prices Bloomberg Agency.
At CitiBanamex windows, the dollar opened at 20.07 pesos per unit, 12 cents less than yesterday.
Optimism prevails in financial markets over the inauguration of Joe Biden as the 46th president of the United States on Wednesday, accompanied by expectations of additional fiscal stimulus and a faster pace in the distribution of vaccines against Covid-19, they said. Banorte analysts explained in a report released this morning.
The next day goodbye #Trump, the peso is the best against the dollar; Mexican currency appreciates nine cents from Monday https://t.co/GcHg6XmUe3
– Torreón Century (@torreon)
January 19, 2021
Hours before the inauguration, Trump is expected to leave the White House because he refuses to attend the event.
Before Covid-19, the “executioner of the peso” was Donald Trump, who every time he ventured on Twitter against the country triggered panic sales of the Mexican currency.
This morning, at 9:00, Janet Yellen began appearing on the Senate Finance Committee as part of the confirmation process as the new Secretary of the Treasury.
While expected to touch on a large number of topics, the focus will be on his comments on the fiscal stimulus, calling for more action to address the pandemic, as well as details on Joe Biden’s proposed $ 1.9 trillion plan, they explained. Banorte analysts.