Peso sinks further and dollar closes week at these prices

Banco de México reported that the spot dollar, benchmark among banks, closed at 18.86 pesos. The national currency fell 0.15% against the US bill against Thursday’s value.

Exchange rate for sale in the interbank market (spot) today Friday January 31:
09.00 hrs .: 18.8950 p / d
13.30 hrs .: 18.8660 p / dhttps: //t.co/8VhzXrmERn

– Bank of Mexico (@Banxico) January 31, 2020

In the five days of the week the peso accumulated depreciation of 0.16%, being the second week down. Although the monthly balance is 0.11% in favor because the dollar started the year falling.

Citibanamex said the dollar in the window sold it at the close in 19.15 pesos this Friday, January 31, above 19.05 on Thursday’s cut.

In BBVA it was listed on 19.26 pesos to continue the upward streak.

The greenback fell 0.23% to the basket of ten currencies of the Bloomberg index on the day.

But emerging currencies, such as the peso, were even more affected by data such as the growth of the outbreak of coronavirus in China that has affected its economy.

El Financiero explained that particularly the case of the coronavirus affects the weight when transcending that there are infections in the United Kingdom, Russia and Sweden.

In addition, in 14 provinces of China they will suspend various activities. The regions account for about 70% of Chinese GDP, and can affect international trade.

– .