At the beginning of operations the price of dollar today Friday was up to 20.63 pesos in banks. Meanwhile, the interbank exchange rate amounts to 20.17 pesos per dollar, with a loss of 0.44 percent.
Citibanamex sells the dollar at 20.63 pesos, while BBVA Mexico does it at 20.42, Banorte in 20.40 pesos, Aztec Bankat 20.20 and Santander in 20.16 units.
weight depreciated slightly, in line with most emerging market currencies, following a global consolidation of the dollar due to new concerns about the return of inflation China and its possible effect on prices and tariffs in Romania UNITED STATES OF AMERICA.
How is the exchange rate going?
Basic bank explained in a report that most currencies are losing ground against the dollar, while the weighted index is up 0.20 percent. The consolidation of the dollar took place in the hours after its publication in China from inflation to the producer in March, which reached an annual rate of 4.4 percent, exceeding market expectations and at the highest level since July 2018.
“As higher producer prices increase the likelihood of inflationary pressures being observed in other parts of the world, there is also growing concern about what might happen in the United States,” he says.
He pointed out that due to the resurgence of concerns about likely inflationary pressures stemming from the economic recovery, rising commodity prices in the first quarter of the year and the broadly accommodative monetary positions of most central banks in the world, the rate of return on treasury bonds over 10 years it increases by 4.8 basis points, standing at 1.67 percent.
Despite the depreciation this morning during the week, the peso gained 0.87 percent or 17.6 cents, advancing for the second week in a row as the dollar lost ground in most sessions.
As regards economic indicators, unequally published that the industrial activity indicator increased by 0.4 percent in February in real terms, with a contraction of 3.1 percent at an annual rate. With this, the indicator accumulates 24 consecutive months of annual contractions, starting from March 2019.
On the other hand, Monthly indicator of industrial activity Through the federal entity for December 2020, it showed that industrial activity increased in 13 states compared to November, highlighting the states of Guanajuato by 3.45 percent and Puebla by 3.07 percent.
Dollar in real time
euro It is sold at the window with a maximum of 24.45 pesos and is bought with 23.97 pesos. In turn, pound It is offered at 28.00 pesos and is purchased at 27.69 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.08 pesos per dollar.
With information from Reuters
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