Mexico City. Today Monday May 18, 2020 the dollar listed on $ 23.76 pesos, according to the investing.com platform. The weight begins the week regaining ground after several very difficult days. According to Banco de México, the exchange rate in the spot interbank market ended at $ 23.73 per dollar. And the FIX ended at $ 23.60. Read Infonavit: Let’s Join Credits, an inclusive option to buy a house
Two factors led to better ground for the peso: the first is the reopening of different economic activities in Mexico and in the world, which would give the markets a bit of confidence, compared to the negative outlook of the previous weeks.
Exchange rate for sale in the interbank market (spot) today Monday, May 18:
09.00 hrs .: 23.5590 p / d
13.30 hrs .: 23.7350 p / dhttps: //t.co/y9Qp78Eilr– Banco de México (@Banxico)
May 18, 2020
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The second factor (perhaps the most important) that benefited the Mexican currency is optimism about a possible coronavirus vaccine that is being developed. According to Reforma, citing The Wall Street Journal, the company Modern He said he achieved positive results from the first human tests of his vaccine. In light of this announcement, their titles rose 34 percent before the opening bell in New York.
Read EU in severe recession but far from the Great Depression, experts
Read Wall Street Climb for Potential Vaccine News
On the other hand, the President of the Federal Reserve, Jerome Powell, affirmed today that although the United States is in a serious recession of its economy as a result of the confinement by coronavirus, it is “far” from what happened in the Great Depression, that lasted more than a decade.
Exchange rate: Real-time dollar price:
The peso comes from a week complicated by tensions in the trade relationship between China and the US, who are preparing retaliatory sanctions: the Trump administration insists on a blockade against the Chinese company Huawei, while the Asian government has responded that it will do the same against the Americans Apple, Cisco, Qualcomm and Boeing.
In Mexico, despite the announced opening of activities, several municipalities of the entities refused, concerned that an outbreak of COVID-19 would occur among its inhabitants.
Dollar in banking institutions today May 18, 2020
Regarding the exchange rate in the different banks of mexico, The price of the dollar reaches its highest level for sale in the $ 24.80 at Banbajio, while the lowest to buy is in $ 21.70 in Banregio.
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Regarding euro, it is quoted at $ 25.95 pesos, for $ 28.99 pesos from the pound sterling overall average. Read: WHO: Spraying disinfectants does not kill the coronavirus, affects health
Oil prices in real time:
During the last days, oil prices have increased. This has also had an impact on the final price of fuel for the final consumer. Today its price reached the highest level in two months.
Last Friday, the Mexican export mix accumulated its third week of earnings, closing at $ 24.74 per barrel, up 13.02 percent from $ 21.89 the previous Friday.
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