At the beginning of operations the price of dollar Today Tuesday is up to 20.70 pesos in banks. Meanwhile, the interbank exchange rate rose to 20.09 pesos per dollar, with a loss of 0.05 percent.
Citibanamex sells the dollar at 20.70 pesos, while Banorte Yes BBVA Mexico I do it at 20.35, Santander at 20.08 and Azteca Bank in 19.10 units.
weight it worked almost unchanged from the previous close, after local inflation was found to have accelerated more than expected in January, lowering expectations of a fall in the benchmark interest rate in this week’s central bank decision.
How is the exchange rate going?
Basic bank He explained in a report that the foreign exchange market shows a general weakening of the US dollar, as most currencies are gaining ground, the South African mark stands at 0.58 percent, the Japanese yen at 0.57 percent and the Swiss franc at 0 , 56 percent. As emerging and advanced economies move forward, the appreciation of the franc and the yen is not the result of higher demand for safe haven currencies.
“There is more caution in the capital markets, especially in Europe, where the main indices lose on average about 0.15 percent. However, the losses are moderate and the result of a correction, “he said.
Into the US the futures market indicates a possible correction during the session, after the major indices reached new historical highs during yesterday’s session. In the future, it is not excluded that capital markets will continue their upward trend, given the expectation of new fiscal stimuli in the United States.
Yesterday in House of Representatives Democrats have launched a draft stimulus legislation that they will try to pass. It is speculated that the approval of the incentives will take place in March.
As for the relevant news, in Mexico on 11 and 12 February, the Energy Committee of the Chamber of Deputies will have an open parliament with experts and specialists to discuss the proposed reform. Electricity industry law.
On the other hand, the announced initiative in support of migrants to facilitate the entry of migrants and their families into dollars was published yesterday. With the initiative, migrants will be able to open remote accounts through the Banco de Bienestar, have exchange centers available and have more support from Mexican financial institutions. The governor of the Bank of Mexico, Alejandro Díaz de León, indicated that the measure will mainly benefit the border municipalities where the exchange of dollars in cash is used more, although he indicated that the central institution will remain respectful of the decision.
In terms of economic indicators, inflation stood at 3.54% year-on-year in January, after closing at 3.15% last year.
During the session, the exchange rate is expected to be between 20.02 and 20.34 pesos per dollar.
Real time dollar
(…)(…) euro sIt is sold at the window with a maximum of 24.80 pesos and is bought at 24.28 pesos. In turn, the pound sterling is offered at 28.05 pesos and is purchased at 27.69 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.12 pesos per dollar.
(…)
With information from Reuters
MRA
(…)
(…)
(…)