Mexico City /
At the beginning of operations the price of dollar Today Tuesday is up to 20.42 pesos in banks. Meanwhile, the interbank exchange rate amounts to 20.03 pesos per dollar, with a gain of 0.33 percent.
Citibanamex sells the dollar at 20.42 pesos, while BBVA Mexico does it at 20.26, Banorte at 20.25, Santander at 20.11 and Azteca Bank in 19.20 units.
He weight It appreciated after reaching its lowest level in more than a month earlier, while the dollar showed strength amid little progress on a new package of economic stimuli to help the United States cope with the coronavirus crisis .
How is the exchange rate going?
Basic bank He explained in a report that the downward movement of the exchange rate is the result of a correction, as market participants continue to assess the likelihood that a US $ 1.9 trillion fiscal stimulus package will be approved in the United States.
“Exchange rate volatility is likely to remain high during the currency pandemic covid-19 it continues to be a risk for the economic recovery in the first quarter, as sessions will continue to oscillate between optimism due to new stimulus measures and pessimism due to new cases ”.
He remembered that in Germany, Angela Merkel He said that the management of the pandemic in his country “has gotten out of control”, so they will need stricter containment measures.
In contrast, in USSome states, such as California, New York, Illinois and Michigan, have announced that they will begin relaxing isolation measures.
“The above would mainly allow the reopening of restaurants, bars, aesthetics and cinemas. However, this latest news has not translated into greater optimism in the US capital markets, where the main indices show a mixed performance before the opening “, he considered.
Real time dollar
(…)He euro It is sold at the window for a maximum of 24.79 pesos and is bought at 24.28 pesos. In turn, the pound sterling is offered at 27.40 pesos and purchased at 27.39 pthese.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.15 pesos per dollar.
With information from Reuters
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