Mexico City. Today Friday October 16 the dollar trades at $ 21.19 Mexican pesos in international markets (Forex), according to investing.com. During the day yesterday Thursday, the Mexican peso suffered a depreciation caused by fears of the economic impact that a second wave of Covid-19 infections may have, after the signs of outbreaks that are beginning to occur in several of the most important economic powers.
Countries such as France, Spain and England have imposed new restrictions on the mobility of people in public spaces, due to an increasing trend in the number of new infections of Covid-19, which have even set record numbers in those countries.
Price of the dollar vs Mexican peso in real time:
In addition, the United States still does not approve the tax incentives to boost the economy, since the Democrats still do not agree with the Republicans on the type of support and the amount of the same. This stalemate in negotiations also demoralizes investors.
Another factor that can affect the Mexican peso is the electoral result in the United States. Analysts have pointed out that both the Mexican economy and the peso were affected by the aggressive decisions and declarations of Donald Trump, before which, a possible triumph of Democrat Joe Biden suggests that there may be more stability in trade relations and that this favor weight.
In banks in Mexico, the price of the dollar reaches its highest level for sale at $ 22.50 in Banbajio, while the lowest to buy is at $ 20.20 in Banorte and IXE.
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