At the beginning of operations the price of dollar today Tuesday was up to 20.56 pesos in banks. Meanwhile, the interbank exchange rate rose to 20.18 pesos per dollar, with a loss of 0.26 percent.
Citibanamex sells the dollar at 20.56 pesos, while Banorte does it in 20.45 pesos, BBVA Mexico at 20.38, Azteca Bank at 20.15 and Santander in 20.09 units.
The peso depreciated against the dollar as markets await the release of US inflation figures later that day.
How is the exchange rate going?
Basic bank explained in a report that the depreciation of the peso is in line with most currencies, as the dollar strengthens 0.15 percent according to the weighted index, due to a decline in risk appetite in financial markets due to two factors:
The first is that in United States of America Health authorities have recommended a break in the use of the single-dose vaccine developed by Johnson & Johnson, after six cases of blood clots were found after its application.
“Although the above will slow down the vaccination process only as research is conducted, markets have reacted negatively because vaccination is closely linked to the economic recovery process,” he says.
Second, inflation United States of America It reached an annual rate of 2.6 percent in March, above market expectations of 2.5 percent, the highest level since August 2018. In its monthly comparison, inflation was 0.6 percent, the the largest increase being monthly since August 2012, determined by energy prices, where gasoline prices increased by 9.1 percent per month.
On the other hand, in the bond market, the rate of return on 10-year treasury bonds shows an increase of 1.4 basis points to 1.68 percent, while the 30-year bond rate increases by 1.2 basis points, up 2.34 percent.
Today, at 12:00 in central Mexico, the result of the $ 24 billion 30-year treasury bond auction will be announced in the United States, where the most relevant data to be met will be whenever the amount placed was requested. A significant decline in this ratio could put upward pressure on interest rates.
Real time dollar
euro It is sold at the window with a maximum of 24.50 pesos and is bought with 23.96 pesos. In turn, pound It is offered at 28.10 pesos and is purchased at 27.59 pesos.
Bank of Mexico (Banxico) recorded in the previous session an exchange rate of 20.09 pesos per dollar.
With information from Reuters
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