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Dollar price today Thursday, November 26, 2020, peso remains firm

Mexico City. Today, Thursday, November 26, 2020 the dollar is listed in $ 20.02 Mexican pesos, according to the investing.com platform. This morning the Mexican peso maintains its consolidation trend against the dollar, being just above twenty units in the exchange rate, but with a marked tendency to return to the 19 units range. The Mexican peso has been strengthened by a general positive sentiment regarding what is coming for the economy.

These expectations have strengthened risky actions and therefore benefited the currencies of emerging countries such as Mexico, given the weakening of the dollar that has been sustained after the victory of Democrat Joe Biden in the United States. Similarly, the positive news from various laboratories regarding the coronavirus vaccine has also boosted risk assets.

Dollar price in real time:

Yesterday, various economic data were published in the United States, including the behavior of the Gross Domestic Product for the third quarter of the year, which remained at 33.1 percent, which represents good news after the severe fall of the economy during the last months.

However, data such as consumer confidence and sales of new homes had a fall of 4.9 and 0.3 percent, respectively.

Regarding the euro, this is priced at $ 23.82 pesos, for $ 26.70 pesos of the pound sterling overall average.

Oil price in real time:

The price of West Texas Intermediate oil reached the value of $ 45.35 per barrel, which places it at levels similar to those registered last November, just before the pandemic began to impact the world.

The expectations of a vaccine and a possible normalization of mobility suggests that the demand for fuels could increase, hence the good sentiment around crude oil.

For more information on the Dollar, visit the section of News from MyBags.com.