- The Mexican peso ‘trembles’ and loses ground against the dollar this October 26, 2020
- This morning the US dollar is sold at 21.33 pesos, this at a bank window
- These currency instabilities occur in a context in which the increase in coronavirus cases in the world
According to the exchange rate of this October 26, 2020, the Mexican peso ‘trembles’ and loses ground against the dollar, according to the first reports of the news portal of The financial.
Citbanamex data establish that this morning the US dollar is sold at 21.33 pesos, this at a bank window.
It was also reported that in the interbank line, the Mexican currency fell 0.61 percent, to 20.99 units, according to data from Bloomberg.
These instabilities of currencies occur in a context in which the increase in coronavirus cases in the world keeps the authorities in suspense due to the confusion that exists about the consequences that the outbreak could bring.
To this is added the incestity that prevails both in the political, economic and social spheres, in the absence of an agreement on a fiscal stimulus in the nation led by Donald Trump.
Thus, it was also reported that the Mexican currency reached a minimum of 20.8743 units at 3:54 p.m. on Sunday and a maximum of 21.1332 units at 7:02 a.m.
Only last Sunday in the United States the health sector reported 85 thousand new cases of coronavirus, which has ignited the concern of the authorities.
As for the new fiscal package, it continues to be detained as the elections in the United States approach, due to which the expectation does not stop.
This situation has generated instability in the financial markets, since Europe also experiences an increase in Covid-19 cases, as well as some countries in America such as Mexico.