The Mexican peso and the stock market advanced Thursday for the third time after a weak data of the American job market What did fall back on the dollar, and that the United States Senate endorsed a billionaire stimulus packages to cope with the impact of coronavirus. Read Huawei launches its new P40, this will cost in Mexico
The currency was trading at 2:17 p.m. local time (2017 GMT) at 23.0257 per dollar, appreciating 3.78% against . benchmark on Wednesday.
Exchange rate for sale in the interbank market (spot) today, Thursday, March 26:
09.00 hrs .: 23.5530 p / d
13.30 hrs .: 23.1820 p / dhttps: //t.co/LaOklzuAeE
– Banco de México (@Banxico)
March 26, 2020
The number of Americans who applied for unemployment benefits rose to a record high of more than 3 million last week, as stringent measures to contain the coronavirus pandemic slowed the country.
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Before knowing the labor data, the Mexican peso operated in negative terrain.
The Mexican peso remains very volatile, but it is appreciated … explained by a general decline in the dollar after the weak number of unemployment claims “from the United States, CI Banco said in a report.
Meanwhile, Edward Moya, a market analyst at OANDA, said: “Given that the US workforce is approximately 160 million, it should come as no surprise if total unemployment claims reach 16 million requirements in the coming weeks “
The benchmark S & P / BMV IPC stock index rose 0.48% to 35,706.57 points, with a volume of 223.2 million of traded securities, after sinking in the week to levels not seen since October 2011.
The United States Senate on Wednesday endorsed a $ 2 trillion stimulus package intended to help unemployed citizens and industries affected by the coronavirus outbreak.
In the debt market, the yield on the 10-year bond fell 39 basis points to 7.45%, while the 20-year rate fell 57, to 7.96%.
Exchange rate in Mexico
According to the Investing.com platform, the dollar is trading at $ 23.27 pesos. In Banxico, at closing time the dollar was at $ 24.98.
This is how the dollar is quoted in banks in Mexico. Source: Dollar.info
Regarding the exchange rate in the different banks of mexico, as published in dollar.info on various financial institutions, the price of the dollar reaches its highest level for sale at $ 25.50 in Scotiabank, While the lowest to purchase is at $ 20.00 also in Scotiabank.
Regarding euro, it is quoted at $ 25.71 pesos, for $ 28.32 pesos from the pound sterling, in general average.