At the beginning of operations the price of dollar today Friday is up to 21.37 pesos in banks. Meanwhile, the interbank exchange rate rose to 20.87 pesos per dollar, with a loss of 0.13 percent.
Citibanamex sells the dollar at 21.37 pesos per dollar, while BBVA Mexico does it at 21.23, Santander at 20.92 and Azteca Bank in 20.71 units.
weight traded at a slight loss, in line with most emerging market currencies, while foreign exchange investors assessed gross increases in US bond yields. treasure and other flat rates.
How is the exchange rate going?
Basic bank explained in a report that the peso starts the session with a depreciation observing a sideways behavior during the night around 20.90 pesos per dollar. In recent days, especially yesterday, the trading range has been wide, due to upward pressure on US bond market interest rates. US
“This morning, bonds appear to have stabilized, with the 10-year rate falling 5.8 basis points to 1.46 percent,” he said.
The reduced demand in the primary bond market, which was already reflected in the secondary market at the end of January, was the result of a reduction in risk exposure to possible future changes in the Fed’s monetary position.
Although Federal Reserve officials have reiterated that they will keep the interest rate unchanged and liquidity injections will continue, solid economic indicators for the US economy cause a similar reaction to the “Tantic Tantrum” of 2013, when rates reacted rising monetary policy after the Great Recession of 2008-2009.
It should be recalled that there is an inverse relationship between the interest rate and the price of a bond, so that rate increases imply losses in the value of short-term portfolios.
In the foreign exchange market, the US dollar continues to show strength, with the weighted index advancing by 0.30 percent, after rising by 0.64 percent yesterday. Most of the coins in the large basket of the big crosses lose ground this morning, the most depreciating being the Indian rupee at 1.41 percent, the South Korean won at 1.37 percent, the Australian dollar at 1.28 percent and the Turkish lira. at 1.10 percent.
It should be recalled that the strengthening of the US dollar in yesterday’s session was due to a sharp rise in interest rates on US Treasury bonds, mainly around noon, following a $ 62 billion US bond auction. , with a demand 2.04 times higher than the one placed, being the lowest since 2009, while the difference between the pre-auction rate and the highest rate in the auction was 4.2 basis points, something not seen until now for similar placements.
Real time dollar
euro It is sold at the window with a maximum of 25.88 pesos and is bought with 25.38 pesos. In turn, pound It is offered at 29.22 pesos and is purchased at 29.21 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.85 pesos per dollar.
With information from Reuters
m R
(…)
(…)
(…)