Mexico City. Today Thursday June 11, 2020 the dollar listed on $ 22.76 pesos, according to the investing.com platform. The new account peso lost ground against the dollar, which continues to trend upward. According to Banco de México, the exchange rate in the market Interbank spot ended today at $ 21.74 pesos per dollar (89 cents more than yesterday). And the FIX ended at $ 22.42 (50 cents more than yesterday).
One of the data that generated a decline in the local currency was the announcement by the US Federal Reserve, which will keep its interest rate between 0 and .25%; Furthermore, the expectation of recovery in the US labor market would be less rapid than expected with the global reopens, and it could ‘take years’ to materialize. This caused concern among investors, who showed aversion to risky assets.
Exchange rate for sale in the interbank market (spot) today, Thursday, June 11:
09.00 hrs .: 22.3250 p / d
13.30 hrs .: 22.6320 p / dhttps: //t.co/y9Qp78Eilr– Banco de México (@Banxico)
June 11, 2020
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The peso was also hurt by international oil prices, which plummeted despite higher crude consumption due to economic recovery. Finally, the information on the fall of 25.14% in industrial activity in April, reported by INEGI, impacted.
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According to Reforma, the INEGI report reveals that the production of manufacturing industries fell as never before at the monthly rate, and for the third time in a row, as it decreased by 30.53 percent. In turn, the Confederation of Industrial Chambers (Concamin), anticipated that the country’s industrial sector will present a contraction of 9% this year, if there is no contingent support program.
Exchange rate: Real-time dollar price:
Regarding the exchange rate in the different banks of mexicoAccording to Dollar.info, the price of the dollar reaches its highest level for sale in the $ 23.60 in Affirme, while the lowest to buy is in $ 20.60 at Banregio
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Regarding euro, it is quoted at $ 25.72 pesos, for $ 28.69 pesos from the pound sterling overall average.
Oil prices in real time:
Oil prices declined this day. WTI closed at $ 35.76 per barrel on future orders, that is, its price fell more than 9%.
With information from Reforma.
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