The dollar dropped more than one peso in the early morning hours and is trading at less than 21 units this Wednesday.
MEXICO CITY (El Universal) – While the United States is locked in a close election for president, the Mexican peso has been on the rise.
The exchange rate stands at 20.99 units per dollar, after shooting up last night to almost 22 pesos, according to the quotes in international negotiations reported by Bloomberg agency.
The dollar sells for 21.56 pesos at CitiBanamex counters in retail operations, 17 cents less than yesterday and the lowest price since Tuesday of last week.
The currency is offered at 21.46 units in BBVA, at 21.49 in HSBC, and 21.55 pesos in Banorte.
The peso’s recent appreciation is because market participants anticipate that a winner will soon be defined in the presidential elections. However, episodes of volatility for the exchange rate cannot be ruled out if a winner is not declared in the next few hours or if more closed results are observed, announced Gabriela Siller, chief economist of Banco Base, this morning.
We probably see the worst scenario for the markets: a more closed election than anticipated, with both candidates singing victory, said Luis Gonzalí, debt portfolio manager at Franklin Templeton Investment Services Mexico.
Democratic candidate Joe Biden is ahead with electoral votes so far. Attention is focused on the results that can be announced in the next few hours in Georgia (16 electoral votes), Michigan (16), Wisconsin (10), North Carolina (15), and Pennsylvania (20), points out Gabriela Siller.
The Yucatan Times
more recommended stories
Mérida Airport will be able to receive up to 4.5 million passengers per year
In February 2021, the first stage.
Museums and archaeological sites reopen their doors in Yucatan
After a few hours of a.
Yucatan archaeological sites closed due to problems with the Union
MÉRIDA.- Today, Friday, December 4th, at.
Where is Trump going to live after he leaves office?
On Jan. 20, President-elect Joe Biden.
Mérida: a model of transparency at the national level
MÉRIDA, YUCATAN (December 3, 2020).- “The.
Expatriates deny the accusations against them.
This is the 5th part of.
“Merida Chrismas Operation 2020” 400 Municipal Police officers deployed
MERIDA Yucatan (Times Media Mexico) –.
Mérida-Houston United Airlines flights reactivated
Merida Yucatan; December 2, 2020 (ACOM) .-.
Merida mayor lit Christmas Tree up on Paseo de Montejo
Merida, Yucatan (December 2, 2020).- In.
The Yucatan Symphony Orchestra must be declared Cultural Heritage
The Yucatan Symphony Orchestra deserves recognition,.