At the beginning of operations the price of dollar today Friday is up to 20.66 pesos in banks. Meanwhile, the interbank exchange rate is 20.20 pesos per dollar, with a gain of 0.80 percent.
Citibanamex sells the dollar at 20.66 pesos, while Banorte does it at 20.55, BBVA Mexico at 20.50, Santander at 20.39 and Azteca Bank in 20.26 units.
The peso weighed in after two declining sessions after the US Senate approved a budget plan that opens the door to authorizing a fiscal aid package proposed by the president Joe Biden.
How is the exchange rate going?
Basic bank explained in a report that weight The session started with an appreciation, while the US dollar slowed its appreciation, with the dollar-weighted index losing 0.12 percent.
Among the major crossovers, the performance of currencies is mixed, evidence that market participants expected the release of relevant economic indicators, such as the monthly employment report showed the creation of 49,000 jobs in January, below market expectations of 100,000 jobs.
Into the USThe Senate has already approved the motion for a budget resolution, with a 51-50 vote counting the vote of Vice President Kamala Harris. This increases the likelihood that the $ 1.9 trillion fiscal stimulus package will be approved by a simple majority, without the need for a bipartisan agreement.
“Another factor that could raise optimism is that Food and Drug Administration (FDA for its acronym in English) indicated that it would discuss the approval of the use of the vaccine developed by Johnson & Johnson, in a meeting scheduled for February 26. The main advantage of this vaccine is that it only needs a single dose, which would speed up the vaccination process, “he said.
In turn, in Mexico, private consumption regained its strength in November, showing a monthly increase of 2.95 percent, adding a six-month recovery. With this, consumption is 6.56% below the levels observed in November 2019, turning 12 months of contractions.
Gross fixed investment also grew by 2.3% monthly, after rising by 3% in October. In annual terms, investments contracted by 11.3 percent, adding 22 consecutive months of falls.
During the session, the exchange rate is expected to trade between 20.16 and 20.39 pesos per dollar. The euro started the session with an appreciation of 0.33 percent, trading at $ 1.2 per euro, while the pound advanced 0.31 percent and traded at $ 1.3 per pound.
Real time dollar
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euro It was sold at the window for a maximum of 24.83 pesos and was bought for 24.36 pesos. In turn, pound was offered at 27.81 pesos and was purchased at 27.80 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.44 pesos of dollar.
With information from Reuters
MRA
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