Home business How much does the dollar cost in Mexico? 4 March 2019

How much does the dollar cost in Mexico? 4 March 2019

The dollar begins week with increase compared to Mexican peso.

The currency of the United States is quoted on $ 19.30 pesos wholesale, while retail is one of the biggest $ 19.40 and the $ 19.67 pesosaccording to reports from institutions such as Citibanamex.


Last week, the Standard & Poor's office announced that it would change the outlook for Mexico's debt rating from positive to negative, which is bad news for the government of Andrés Manuel López Obradorbecause it is added to the reduction of the growth forecast for 2019, which reduced the Bank of Mexico between 1.1 and 2.1%, instead of between 1.5 and 2.5%.

Against other currencies, the dollar is progressing against the euro and is being mixed with other currencies marked in the midst of a good mood on the market for a better trade relationship between the US and China.

The dollar also won ground against the Japanese, as well as against the Swiss franc, the British pound and the Canadian dollar.

Analysts pointed out that the dollar is rising to a more animated environment for more stable relations between the US and China, which last year suffered from the trade showdown between Washington and Beijing with the imposition of a more protectionist policy from the president. Donald Trump.

With information from EFE


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