At the beginning of operations the price of dollar today Tuesday was up to 21.11 pesos in banks. Meanwhile, the interbank exchange rate rose to 20.65 pesos per dollar, with a loss of 0.05 percent, after the previous session closed at 20.55 pesos.
Citibanamex sells the dollar at 21.11 pesos, while BBVA Mexico makes 20.90 pesos, Banorte does it at 20.85, Santander at 20.62 and Azteca Bank in 20.60 units.
The peso depreciated against a strong dollar, while investors’ attention was focused on an appearance before Congress by US Federal Reserve Chairman Jerome Powell and later Treasury Secretary Janet Yellen.
How is the exchange rate going?
Basic bank He explained in a report that the depreciation of the peso is the result of a consolidation of the US dollar, which, according to the weighted index of the dollar, advances by 0.31 percent, after showing few changes during yesterday’s session. In the bond market, the yield on 10-year treasury bonds decreased by 4.7 basis points to 1.6 percent due to the increase in demand for risk-free assets.
“The higher perception of risk in global financial markets is due to the fact that despite the efforts of advanced economies to vaccinate their population and the number of daily cases has decreased compared to December and January, high rates of daily infections,” he said. .
On the foreign exchange market, the most depreciated currencies are the New Zealand dollar with 1.82 percent, the Russian ruble with 1.27 percent, the Australian dollar with 0.86 percent and the Czech koruna with 0.85 percent.
“The depreciation of the Mexican peso is moderate compared to other currencies and is ranked 13th among the depreciated currencies,” he said.
Today, market attention will also be the appearance of Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen before the House Financial Services Committee at 10:00 a.m., while tomorrow, Wednesday, will appear before the Senate Banking Committee at 8:00 a.m. Central Mexico time.
Real time dollar
(…) euro SIt is sold at the window with a maximum of 24.98 pesos and is bought with 24.46 pesos. In turn, the pound sterling is offered at 28.85 pesos and purchased at 28.41 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.57 pesos for dollar.
With information from Reuters
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