Mexico City. Today Saturday July 4, 2020 the dollar listed on $22.39 pesos, according to the investing.com platform. This week, the national currency achieved a favorable balance of 61 cents between June 26 and July 3, after three weeks with losses.
Yesterday, there was no activity in the financial markets of the United States due to the early commemoration of Independence Day.
Exchange rate for sale in the interbank market (spot) today, Friday July 3:
09.00 hrs.: 22.4250 p/d
13.30 hrs.: 22.4230 p/dhttps://t.co/y9Qp78Eilr
– Banco de México (@Banxico) July 3, 2020
In the financial corridors they keep in mind that despite the favorable bias in the US indicators, several states have increases in Covid-19 cases.
In addition to this, on July 1 the Treaty between Mexico, the United States and Canada (T-MEC) entered into force in an environment in which market participants were encouraged by economic information, especially from economies such as the United States, China and the eurozone.
And it was revealed that in June, the manufacturing PMI of China Caixin increased to 51.2 points, against 50.7 in May.
In the US, consumer confidence went from 85.9 points in May to 98.1 in June; while the ISM manufacturing rose from 43.1 points to 52.6 points.
Dollar price in real time:
Thus, the weekly advance of the peso was supported by the economic data released in some regions in light of the economic reopening, after the stoppage to control the expansion of the Covid-19.
For Banorte specialists, the United Kingdom moderated social restrictions, in a context in which concerns about a second wave of contagion persist.
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Regarding the exchange rate in the different banks in Mexico, the price of the dollar reaches its highest level for sale in the $ 23.80 and Banbajio, while the lowest to purchase is in $ 21.00 and Ban Region.
Regarding euro, it is quoted at $ 25.29 pesos, for $ 28.07 pesos from the pound sterling overall average.
Oil price in real time: