Mexico exchange rate today: How much is the dollar on Wednesday, March 10, 2021? | Exchange rate Banamex | Mexican weight | SAT | Cited MX | MEXICO

The exchange rate opened on the Mexican market on Wednesday after the release of US inflation data for February, which met expectations, causing the US currency to fall.

The US dollar was trading at 21,0260 Mexican pesos, a loss of 0.76% from 21,1880 pesos in the Reuters reference price on Tuesday.

The US consumer price index rose 0.4% in February from the previous month, while year-over-year inflation was 1.7%, the Labor Department reported on Thursday.

Core inflation, which excludes the most volatile food and fuel prices, fell to 1.3% in one year, according to the government report.

The increase in consumer prices in February largely reflects a 6.4% increase in petrol costs.

In turn, food prices rose by 0.2% to 3.6% year-on-year.

The price hike was reported on the day a new $ 1.9 trillion fiscal stimulus package proposed by US President Joe Biden is expected to be approved in Congress to cushion the economic crisis caused by the pandemic.

With information from Reuters and EFE.