Photo: OZAN KOSE/ / Getty Images
The dollar reaches the fifth day of the week and starts trading positive against its Mexican pair. Not only does he stay above the barrier of the , but increasingly closer to that of the 20. Technically it has already reached an important level which is that of the 20. 50 pesos. The price of the dollar at the beginning of the day is 20.47 pesos per dollar unit.
At the bank window, the dollar for the purchase it has a price of 20.28 pesos per unit. And for sale the dollar is quoted at 20.70 pesos per unit.
For the US currency, the positive accumulation throughout the week has been 0.83%. And during the last month the increased value for the dollar has been 2.28%.
The markets remain concerned about the consequences of the Covid pandemic, the confinement in China due to a new outbreak of Coronavirus and the effects that the war between Russia and Ukraine may continue to have.
Already two days before the start of May, the month in which the Fed is expected to announce an adjustment more aggressive to face inflation, which translates into an increase in the central bank’s interest rate in 50 points. This expectation influences the appreciation of the dollar.
The GDP of the United States contracted at an annual rate of 1.4%, well below the market expectations, so the fear of a recession is unleashed. This is the first contraction since 2020.
The price of the dollar in the Mexican market varies during the day and continues with an upward trend, you can follow it in real time. You can also compare prices to find the best rate for your remittance.
– Updated report of the dollar in the Bank of Mexico: Exchange rate in Banxico .
– Average variation of the dollar in the different Mexican financial institutions: Price of the dollar in the banks of Mexico.
– Compare the price of the dollar for remittance transfers to Mexico from the United States with the best remittance companies: Compare prices.
1622577910142– You can also follow the price of the main cryptocurrencies in the market in real time: Price of cryptocurrencies. At beginning of the day, we can say that all cryptos marked their value in red in red, some accumulate a drop of up to 9% in the last 7 days.
You may also be interested in: –Inflation in the US: why e-commerce pushes prices up
– What can happen to employment if the US enters a recession