The price of the dollar on April 20

At the beginning of operations the price of dollar today Tuesday was up to 20.27 pesos in banks. Meanwhile, the interbank exchange rate amounts to 19.86 pesos per dollar, with a marginal gain of 0.27%.

Citibanamex sell the dollar until en 20.27 pesos, while Banorte does it in 20.15 pesos, BBVA Mexico on 20.06, Azteca Bank at 19.95 and Santander in 19.82 units.

pesosIt depreciated after six sessions, with gains that took it to the best level in the last three months, while the dollar stabilized after reaching the lowest level in almost seven weeks.

How is the exchange rate going?

Basic bank explained in a report that the peso starts the session with a depreciation, the first after six consecutive rising sessions. The depreciation of the peso is alongside other emerging market currencies, such as the South African currency, which lost 0.46 percent, and the Brazilian real, which lost 0.35 percent, due to a deterioration in appetite. risk in global financial markets.

“The dollar-weighted index remains stable, although it shows a minimum advance of 0.02 percent, the first on Friday, April 9. There are also losses for assets considered to be riskier, such as the capital market,” he said. .

Losses are associated with caution before the publication of quarterly results in the United States, as no relevant economic indicators will be published today. Among the companies that will publish their results are Johnson & Johnson, Procter & Gamble and Netflix.

Among the companies with the largest declines in recent days, transportation services stand out, so additional contractions may be observed during the session due to the global increase in coronavirus cases.

As of yesterday, the 7-day average of new global cases reached a historical level of 759 thousand 843 confirmed daily, about 25 percent of these cases were registered in India, although several countries globally again consider mobility restrictions.

Regarding the relevant events in Mexico, It is important to mention that last night the minutes The law of hydrocarbons, which will now be sent to the plenary for discussion and probable approval.

The exchange rate was not affected by this news, despite the fact that the reform of The law of hydrocarbons has the potential to reduce foreign direct investment in Mexico, slow economic growth and jeopardize trade relations with UNITED STATES OF AMERICA.

Dollar in real time

(…) euro know It is sold at the window with a maximum of 24.34 pesos and is bought with 23.89 pesos. In turn, pound It is offered at 28.15 pesos and is purchased at 27.54 pesos.

Bank of Mexico (Banxico) registered in the previous session an exchange rate of 19.81 pesos per dollar.

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With information from Reuters

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