At the beginning of operations the price of the dollar today Wednesday is up to 21.45 pesos in banks. In the meantime, it isit Exchange rate The interbank rate is at 21.02 pesos per dollar, with a gain of 0.76 percent.
Citibanamex sells the dollar at 21.45 pesos per dollar, while Banorte does it at 21.31 pesos, BBVA Mexico at 21.26, Banco Azteca at 20.90 units and Santander at 21.00 units.
The peso appreciated after the market reported inflation data in the United States in February, they met expectations, leading to the withdrawal of the dollar.
A tax incentive plan in the United States to address COVID-19, which could receive final approval in Congress on Wednesday, raised fears that a speedy recovery in the world’s largest economy will bring a return to inflation.
These concerns have led to strong increases in the yield on the dollar and the US Treasury.
How is the exchange rate going?
Banco Base explained in a report that peso started the session with an appreciation of 0.59 percent, or 12.5 cents, with the exchange rate traded around 21.07 pesos per dollar, after inflation was published in the United States.
In February, The consumer price index (CPI) showed an annual change of 1.7 percent, in line with market expectations, while in its monthly comparison inflation was 0.4 percent, the financial group said.
Monthly inflation was driven by gasoline prices, accounting for more than half of the CPI rise, which means that there is no upward pressure on the core component of inflation, something he had been speculating on for weeks, he added.
Real time dollar
euro is sold at the window at a maximum of 25.02 pesos and is bought at 25.01 pesos. In turn, the pound sterling is offered at 29.22 pesos and is purchased at 29.21 pesos.
The Bank of Mexico (Banxico) recorded in the previous session an exchange rate of 21.25 pesos per dollar.
With information from Reuters.
AMP