At the beginning of operations, the price of the dollar today, Thursday, was up to 21.26 pesos in banks. Meanwhile, the interbank exchange rate is at 20.86 pesos per dollar, with a gain of 0.35 percent, compared to 20.92 pesos recorded yesterday.
Citibanamex sell dollar at 21.26 pesos, while Banorte makes 21.20 pesos, BBVA Mexico 21.07, Santander at 20.81 and Azteca Bank in 20.60 units.
The peso appreciated moderately after a series of five declines as the market waited for the local central bank’s monetary policy announcement later that day. 
How is the exchange rate going?
Basic bank explained in a report that the peso is one of the few currencies to gain ground, ranking as the second most appreciated currency, behind the Russian ruble by 0.47 percent.
“The stability of this morning’s exchange rate is partly due to the fact that the market is waiting for the announcement of monetary policy from the Bank of Mexico scheduled for 13:00, where the exchange rate is likely to remain unchanged. at 4.0 percent, after yesterday’s inflation data in the first half of March showed that inflationary pressures are higher than expected, “he said.
If it is confirmed that the rate remains unchanged, the peso could gain ground within minutes of the announcement.
In the commodity market, the price of oil starts on Thursday with losses, despite the fact that the Suez Canal remains blocked. Downward pressure on oil prices continues to be linked to the nervousness surrounding demand due to rising coronavirus infections in Europe and the re-imposition of containment measures in some regions of the bloc.
Given this, WTI starts the trading session at $ 59.43 per barrel, which is equivalent to a reduction of its price of 2.86 percent. Upward movements in oil prices cannot be ruled out, especially if the Suez Canal cannot be unblocked before Monday, March 29th.
In terms of economic indicators, 684 thousand new applications for unemployment benefits were registered in the United States, below the 730 thousand expected by the market and decreasing by 97 thousand compared to the previous week. It should be noted that this is the lowest level in 52 weeks, so it is a good sign for the recovery of the labor market.
In Mexico, indicators have been published confirming a stagnation of the economic recovery at the beginning of the year. The Global Economic Activity Indicator (IGAE) for January registered a modest monthly advance of 0.11 percent.
Real time dollar
(…) euro It is sold at the window with a maximum of 25.10 pesos and is bought with 24.53 pesos. In turn, pound It is offered at 29.05 pesos and is purchased at 28.56 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.78 pesos per dollar.
With information from Reuters
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