CITY OF MEXICO.- The dollar reports its mayor preceded by a month, ante the intermittent relationship with the restrictions on the contagios and the new cepid of Covid-19, as well as the possible juicing of the President of the United States, Donald Trump , among other factors.
The exchange rate is up this year at 20.16 pesos per dollar, a depreciation of the Mexican currency of 0.7% or 15 cents with relation to the past four years, in agreement with Mayoreo contributions reported by the Bloomberg agency.
This is the second consecutive day that the dollar has been exchanged for more than 20 pesos and is still significant to its mayor from December 14, when it stands at 20.24 units.
In CitiBanamex vents, the division sold 20.61 pesos, 18 cents more than the fours and its mayor were released on December 14, when it was sold at 20.68 units.
The peso is declining by the third session at its lowest level in the year before renewed pre-occupancy incomes are announced ahead of the Covid-19 pandemic. https://t.co/f1kQVdEeTP
– Forbes México (@Forbes_Mexico)
11 January 2021
Analysts of Banorte relate to the gains of the dollar with the restrictions on the contagios and the new cepa of the coronavirus; the possible juiciness of President Trump’s resignation in the next few days; speculation about a less aggressive use of the Federal Reserve (Fed) balance sheet by the United States; and the preoccupation with high valuations in the middle of negative surprises in economic activity figures.
The attention of the markets this week is centered on the evolution of the contagios and failures of Covid-19 during the holiday period, although also in advance of the world-scale evacuation programs, the presidential transition in the American Union in the post of the elections for the Senate in Georgia.
In the United States, the president of the Fed, Jerome Powell, will make a public appearance on these papers, saying that one day he will have the vice president, Richard Clarida.
In the Old Continent, the Central European Bank will publish the minute of its last monetary policy meeting.