In the exchange rate against the dollar, the Mexican peso has had an important recovery due to the publication of data on the trade balance and aid for unemployment in the United States.
Mexico City. Today, Friday, September 4, 2020, the dollar is trading at $ 21.54 Mexican pesos, according to the investing.com platform. Yesterday, the Mexican peso had another day of gains, after data on the US trade balance was released. This strengthened the dollar but the peso did not fall, rather it was the euro and the pound sterling that suffered from the recovery of the dollar.
The close of yesterday at 21.74 was the best level in the exchange rate for the peso since the beginning of June and this morning the national currency continues to recover more ground.
In the publication of the trade balance of the United States, it showed a deficit of 63.6 billion dollars in June, however Mexico once again positioned itself as the main trading partner of that country with 14 percent of international trade, for above Canada (139%) and China (13.5%).
Another report that favored the Mexican peso was that of applications for unemployment support in the United States, which fell below one million last week, reaching 833 thousand requests. The figure is high but since the paralysis of the economy due to the pandemic began, this has been one of the lowest records.
Regarding the exchange rate in the different banks in Mexico, the dollar price reaches its highest level for sale at $ 22.80 in Banbajio while the lowest for purchase is at $ 20.55 at IXE and Banorte.
Regarding the euro, it is priced at $ 25.59 pesos, for $ 28.66 pesos of the pound sterling in general average.
Source: banxico.org.mx, mx.investing.com