Mexico City. Today Tuesday August 25, 2020 the dollar is listed in $21.90 Mexican pesos, according to the platform investing.com. This figure marks a trend of recovery of the peso at the beginning of the day, since yesterday it closed above 22 units.
The expectation in the exchange rate is that a certain stability will be maintained – a behavior similar to that of the previous week – although the markets will be waiting for what happens in terms of the commercial relationship between the United States and China, as well as development of a vaccine against Covid-19.
Antier in the United States announced the approval of a treatment to combat Covid-19, which involves the use of blood plasma from people who have overcome the disease, which was barely authorized by the FDA (Food and Drug Administration).
However, yesterday, the World Health Organization was cautious about approving the use of plasma from patients recovered from coronavirus to treat sick people.
Dollar price in real time:
In addition, a report from the Financial Times showed that the US President is considering bypassing the standard regulations to quickly approve the experimental vaccine against Covid-19 that is being developed by AstraZeneca and the University of Oxford.
For Bloomberg, the signs of progress in the treatments against the virus and the fact that relations between China and the United States have not worsened are helping to maintain the market rebound.
Regarding the exchange rate in the different banks in Mexico, the price of the dollar reaches its highest level for sale in the $ 23.00 in Banbajio while the lowest to purchase is in $ 20.90 in IXE and Banorte.
Regarding the euro, this is priced at $ 25.87 pesos, for $ 28.77 pesos of the pound sterling overall average.
Oil price in real time:
Regarding economic data, in Mexico, Inegi reported that in the first half of August, the National Consumer Price Index rebounded 0.24 percent compared to the previous fortnight and annual inflation was 3.99 percent, its highest rate in 28 fortnights.
In the US, the Chicago Federal Reserve’s national activity index stood at 1.18 in July, down from 5.33 in June.
With information from Reform.