Weight back to 24.30 units, pressured by dollar, oil, and corona


The mexican peso open the week with losses against the dollar. The type of change it is located in 24.3060 units, against its official closing of 23.3250 units per dollar Friday, with data from the Bank of Mexico (Banxico). The fears of the coronavirus was present in the operations.

The local currency depreciates in the midst of an increase in the perception of risk by the advance of the coronavirus in the world. The cuts to credit ratings of several countries generate an overall strengthening of the u.s. dollar, as an asset to preserve capital.

“It continues the perception of risk at the global level by the advancement of the coronavirus, which today has spread to more than 736,929 people and taken the lives of 35,019, the united States is the new epicentre of the disease”, stand out in its note to the opening analysts of Bank Base.

The price movement means for the currency of mexico a loss of 98.10 cents, equivalent to 4.20 percent. This pressure on the weight is added to the sharp falls in oil prices, with the u.s. WTI almost 7% lower than Friday.

Donald Trump he left on Sunday their plans to standardize the activities of the u.s. economy the 12 of April; social distancing will be done until the 30th of April and said that during the following months, they could lose the life between 100,000 and 200,000 people.

The Dollar Index (DXY), which measures the strength of the u.s. currency against a basket of six reference currencies, operates in green. With an upward movement of 0.80% against its major pairs, the dollar scaled to a level of 99.15 points.

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