Mexican peso March 2, this is how the dollar sells today

For the fourth consecutive day, the dollar is sold for more than 21 pesos at bank windows

CitiBanamex opened this morning offering the currency at 21.12 pesos

The dollar is trading at 20.66 pesos in wholesale operations

Mexican peso March 2. The dollar is sold for more than 21 pesos at bank windows for the fourth consecutive day, after last week market participants were scared by the increase in the yields of Treasury bonds in the United States.

According to information from The universal, CitiBanamex opened this morning offering the currency at 21.12 pesos, two cents more expensive than yesterday, Monday. Inbursa exchanges the dollar at 21.30 and Scotiabank at 21.70 units.

Figures from Bloomberg indicate that the dollar is trading at 20.66 pesos in wholesale operations, the same level at the close of Monday.

PHOTO Twitter Televisa Press

Since last week, gains in the dollar were related to higher Treasury yields in the United States and investors’ concern that the economic recovery, combined with fiscal stimulus, could cause a jump in the economy. inflation by pent-up consumer demand when restrictions stemming from the pandemic end.

Fiscal stimulus in the United States

The president of the USA, Joe biden, will meet this Tuesday with all the Senate Democrats to try to close the gap between the progressive wing, which seeks an increase in the minimum wage, and those more conservative, who seek a more concise law.

In that country, attention will focus on the speeches of Lael Brainard, a member of the Federal Reserve (Fed), who will speak at the Council on International Relations at 12:00 hours, Mexico City time, while Marý Daly, president of the San Francisco Fed, will participate in the Economic Club of New York at 1:00 p.m.

In Mexico, the results of the expectations survey of private sector economics specialists applied by the central bank will be published at 09:00.

The Ministry of Finance will release the public finance report for January during the afternoon.

Mexican peso March 2

What is the best option to send money to Mexico from the United States?

This is the comparison of money transfer service providers, so that you can make a better decision when sending dollars to your relatives in Mexico:

Western Union takes the exchange rate at: 20.32 Mexican pesos for every dollar.

MoneyGram takes the exchange rate at: 20.28 Mexican pesos for every dollar.

Transferwise takes the exchange rate at: 20.40 Mexican pesos for every dollar.

Remitly takes the exchange rate at: 21.41 Mexican pesos for every dollar.

Pangea Money Transfer takes the exchange rate in: 20.15 Mexican pesos for each dollar.

Filed Under: Mexican Peso March 2

Covid-19 rebound slowed economic recovery at the end of 2020

The recovery that the economy had been registering in recent months came to a halt at the end of last year as a result of the rebound in infections by Covid-19 and the tightening of measures to contain them, reveal the most recent data from the Cyclical Indicators System published by the Inegi.

This system is made up of two composite indicators called coincident and leading. The first reflects the general state of the economy, while the second seeks to indicate in advance the turning points of the coincident indicator.

The “Growth Cycle” approach identifies the deviations of the economy from its long-term trend, represented by the 100 units.

With these elements it is possible to distinguish the stage of the economic cycle in which the country’s economy is, however, the magnitude of its growth is not established (With information from Agencia El Universal).

Filed Under: Mexican Peso March 2

Subscribe to our weekly newsletter and participate for a $ 100 gift card each month. Receive your favorite news in your email inbox from today.