Mexico City /
The peso closed below 20 units per dollar on Thursday at 19.93, gaining 0.64 percent from 20.06 of the benchmark price on Wednesday in the face of a volatile dollar session following the release of positive economic data in the United States and declining yields on treasury bonds.
The dollar in the banks
In banks, the US currency was offered up to 20.42 pesos, as is the case Citibanamex. While, BBVA Mexico did it January 20 18 and Banorte the 20.25 pesos.
The closed dollar changed slightly on a volatile trading day as investors balanced solid data, which showed a strong recovery in US retail sales in March and a steady decline in Treasury bond yields.
According to Banco BASE, lMarch retail sales in the United States exceeded market expectations, rising at a monthly rate of 9.8 percent, while industrial production increased at a monthly rate of 1.4 percent in the same month, due to the rebound effect after the decline in industrial production in February.
Initial claims in support of last week’s unemployment, These stood at 576 thousand, the lowest level in the first two weeks of March 2020, before the initial impact of the pandemic.
Real time dollar
In the debt market, the yield on 10-year bonds fell by 14 basis points to 6.49 percent, while the 20-year rate fell by 15 to 7.25 percent.
With information from Reuters.
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