Mexico City. Today Sunday, November 29, 2020 the dollar is trading at $ 20.03 Mexican pesos, according to the investing.com platform. During this morning, the dollar continues stable as it is a day when the markets are closed. At the close of Friday, the peso concluded with a weekly loss of two cents in the spot dollar and with a recovery of two cents in the FIX. During the day, it ended with a decline in both cases, when the spot interbank was quoted at $ 20.08 pesos and the FIX dollar at $ 20.07, according to data from Banxico.
This slight depreciation originates from a slow liquidity in the markets, after the Thanksgiving holiday in the United States. However, according to the director of Economic and Financial Analysis, Gabriela Siller, during the last four weeks the peso has achieved an appreciation of 1 peso and 12 cents, equivalent to 5.29%. This is generated by the weakness of the US dollar. The dollar has been falling due to two main factors: an optimistic perception about the advances in the coronavirus vaccine and because the transition of powers between Donald Trump and Joe Biden is expected to occur peacefully.
Following Siller, when the markets perceive risk, they prefer to invest in safe haven assets that guarantee them that there will be no losses and that they can obtain a profit margin, such as the dollar, Japanese yen, Swiss franc or precious metals such as gold.
Dollar price in real time:
The dollar is traded in Mexican banks with its highest price for sale at $ 21.49 at HSBC, while the lowest price for purchase is at $ 18.90 at Banorte and Banbajío, according to Dollar.info.
Regarding the euro, it is priced at $ 23.97 pesos, for $ 26.66 pesos of the pound sterling in general average.
Oil price in real time:
The West Texas Intermediate oil price is at $ 45.53 dollars per barrel, with a downward trend. The Brent dollar is located at 48.28 dollars per barrel, with an upward trend. According to Siller, in the last month there has been a 27.2% increase in the price of WTI oil, generated by an expectation that there will be more demand for oil due to the progress in the development of vaccines against Covid-19. If the drug begins to be applied soon, the economic activities would present more acceleration.
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