The dollar reports its highest price in almost a month, given the uncertainty surrounding restrictions on infections and the new strain of COVID-19, as well as the possible indictment of US President Donald Trump, among other factors.
The exchange rate is located this morning at 20.16 pesos per dollar, a depreciation of the Mexican currency of 0.7% or 15 cents compared to last Friday’s close, according to wholesale prices reported by the Bloomberg agency.
This is the second day in a row that the dollar is exchanged for over 20 pesos and also means the highest price since December 14, when it amounted to 20.24 units.
At CitiBanamex windows, the coin sells for 20.61 pesos, 18 cents more expensive than on Friday and its highest price since December 14, when it was offered at 20.68 units.
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 be on evolution of COVID-19 infections and deaths after the holiday season, but also in the progress of global vaccination programs, the presidential transition in the American Union and the possible official election results for the Georgian Senate.
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.
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