The weight is eight weeks down against the dollar

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Dollar, Peso, Banxico, Sale, NAFTA, Capital Banks

Go eight consecutive weeks in which the peso falls against the dollar.

Closing of the week with a depreciation of 1.16% or 23 cents trading around 20.40 pesos per dollar, due to the sharp drop in oil prices and the strong perception of risk for the next federal government.

According to Banco Base, the sharp decline in oil prices was caused by weak demand for hydrocarbons, along with the continued increase in oil supply.

The financial institution clarified that A few days before the elected president, Andres Manuel López Obrador takes office as president of Mexico, he retains a perception of high risk.

On the other hand, he indicated that the 10-year M-Bond yield rate increased by 5.1 basis points to 9.07%, or 113 basis points over the previous year. during the last eight weeks.

This is due to the nervousness that generated the proposal of the next government to make key decisions on the basis of citizen consultations and two bills likely to affect the revenues of the government. Banks and mining companies.

this has just been concluded, the low liquidity before the holidays in Mexico on November 19th and the Thanksgiving Day in the United States, did not result in an increase in the volatility of the exchange rate because there was not a significant volume of economic news or policies conducive to risk aversion.

However, he explained, given the uncertainty of the new government, the peso has not consistently yielded below 20.20 pesos per dollar and the risk remains that the exchange rate is under pressure at levels above 20.50 pesos per unit

During the week, the peso-dollar parity reached a minimum of 20,1120 and a maximum of 20,5388 pesos. per dollar.

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