Mexico City /
At the beginning of operations the price of dollar today Thursday was up to 20.75 pesos in banks. Meanwhile, the interbank exchange rate is at 20.57 pesos per dollar, with a loss of 0.90 percent; yesterday after the announcement of the monetary policy of the United States Federal Reserve lThe currency was trading at 20.37 pesos per dollar.
Banorte sells the dollar at 20.75 pesos per dollar, while BBVA Mexico does it at 20.72, Azteca Bank at 20.40 and Santander in 20.37 units.
The peso depreciated, according to most of its peers in emerging countries, driven by a stronger dollar and rising US bond yields. United States Treasury, waiting for an inflationary return in that country.
How is the exchange rate going?
Basic bank He explained in a report that the Mexican peso begins the session with a depreciation traded around 20.57 pesos per dollar, the exchange rate reaching a minimum of 20.28 and a maximum of 20.59 pesos per dollar.
Speculation resumed in the global financial markets where inflation was recorded US It could accelerate, after yesterday the Federal Reserve did not change its expectations for the interest rate that is expected to remain unchanged until 2023, at the same time as it raised expectations for inflation and economic growth.
Due to speculation that inflation could accelerate, the rate of return on US bonds treasure The 10-year rate shows an increase of 9.6 basis points, reaching 1.74 percent, reaching a maximum of 1.7 percent unseen since January 24, 2020. Likewise, the 30-year rate increases by 8.2 basis points, reaching 2.5 percent. Percentages, levels not seen since August 1, 2019.
“There are still internal factors that increase the vulnerability of the Mexican peso to speculation against it. Yesterday the president Mexico noted that if it is determined that the reform at Electricity industry law it is unconstitutional, it will send an initiative to reform the constitution, even if two-thirds of Congress is needed for its approval. The above could increase the perception of risk towards Mexico, increasing in turn the risk of higher exchange rate volatility, “he said.
Real time dollar
(…) euro It is sold at the window with a maximum of 24.86 pesos and is bought with 23.85 pesos. In turn, pound It is offered at 28.85 pesos and is purchased at 23.85 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.68 pesos per dollar.
With information from Reuters
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