The dollar spends the week debating the 20 pesos

The dollar ended the week on a daily basis for 20 pesos, in a day in which capital markets observed small changes and were preparing for a long week-long end of the presidential holiday in the United States on the next month.

With this, the Mexican world hiló its second week of benefits in front of dollars. In the balance semanal, the appreciation of the divisor fue of 0.9 per cent, with which cambio type quedó in the 19.96 units per dollar, according to data from the Bank of Mexico (Banxico).
On the day, the weight is 0.05 per cent.

Off ventanilla bancaria, the dollar sold at 20.53 pesos, according to Citibanamex.

The split rate was a maximum of 20.08 pesos per dollar in 3:16 hours; the minimum of the session was observed in 19.9074 pesos, at 11:26 hours.

El Bloomberg Index, which mids la fortaleza del billete verde frente un una canasta de diez divisas, ganó 0.03 per ciento, a mil 123 puntos.

The inversionists have been waiting for the highlights of the meeting of Janet Yellen and Jerome Powell with the G7, as well as the evolution of the approval of the fiscal status estadounidense y el Donald Trump’s political juicio, the publication of consumer confidence in this ultimate peace and corporate reports.

Yellen is concerned about the need for Group 7 (G7) countries to “make a big deal out of it” with fiscal estimates to support the global economic pandemic recovery.

On the other hand, the Jewry Committee, a Committee of the Representatives of the United States has approved mediations that raise 593.5 million dollars in benefits. The Mayor of these estuary resources determines a direct transfer of 400 million. With that, the approval of the package package is very close, with the Chamber of Deputies probably voting on this 22nd of February.

Separately, and agreeing with information from Banorte Financiero, la European Union will work to convene the United States of America, which will be aligned with its foreign policy priorities in terms of trade, looking to counter China’s influence through the World Trade Organization (WTO).

In the local area, the Banxico records the reference point on a 25-point basis, to be placed in 4 per cent. The decision was unanimous.

“In this context, we reiterate our expectation of additional 25pb reports, one in the March 25 meeting and the end of May 13, bringing the interest rate to 3.50 per cent,” Banorte analysts said.

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