The US currency puts pressure on the Mexican, after three weeks of losses in the main markets
Wednesday, October 23
How high is the dollar in Mexico: the peso loses to the onslaught of the dollar
Although still below the $ 20 units per dollar, the Mexican peso falls before the US currency pressure.
US currency is selling for $ 19. 89 pesos 
in interbank transactions – that is, for large amounts – while at the windows of banks and change has a range between $ 19. 95 and the $ 21. 05 pesos, according to reports from institutions such as Citibanamex and BBVA Bancomer. These figures could change during the day.
IMPORTANT :
- Here you can check the price variations in different Mexican financial institutions: Dollar price in Mexico .
- Here you can check the dollar cost for transfer to Mexico .
- Updated report from Banco de México: Price of the dollar in Mexico .
Last week, the Mexican currency managed to break the barrier of $ 20 pesos per dollar in wholesale transactions, which it had not achieved since February of this year, but is still far from its best moments.
This Tuesday, the peso fell 0. 25 percent, according to a report by Bloomberg, but that may change during the day.
Since it began to post gains, the bad news for the peso is that its growth was largely due to a negative performance of the dollar worldwide , because the United States continued to wait for greater benefits from the implementation of the American Rescue Plan .
The experts indicated that the US dollar was registering its worst falls in the last month, also due to the expectation before the discussion in the Congress of the President’s American Jobs Plan Joe Biden , who has found some trouble convincing to the most conservative for the investment of $ 2. 21 trillions of dollars in infrastructure on roads, bridges, internet and other fronts, which would create 2.9 million higher paying jobs.
The US currency is down against the euro, the yen and the British pound, but could register increases, driven by a rise in Treasury bond yields.
“The dollar fell along with US yields this month after rising to multi-month peaks, on expectations that massive fiscal stimulus coupled with continued monetary easing will spur faster economic growth and higher inflation ”, indicates a report of Reuters .
The behavior of the dollar worldwide continues to be a problem, Despite the consumer price index reported last week rising 0.6%, the biggest gain since August of 2012, after rising 0.4% in February.
Labor reports are also still a problem, as last week there was 576, 000 new applications to unemployment insurance.
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