Price of the dollar today Friday, August 28

Mexico City /

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When starting operations the dollar price today Friday is up to 22.30 pesos in banks. Meanwhile, the interbank exchange rate is located at 21.89 pesos per dollar, with a gain of 1.07 percent.

Citibanamex sells the dollar at 22.30 pesos, while BBVA Mexico does it on 22.16, Banorte at 22.35, Santander at 22.14 and Azteca Bank in 22.09 units.

El weight The Mexican currency rises due to a global decline in the dollar, dragged down by the prospect of the United States maintaining lower interest rates for a long time.

How is the exchange rate going?

Banco Base explained in a report that the dollar shows a weakness because the market is assimilating the comments of the president of the Fed, Jerome Powell, whose central message was that the central bank will keep interest rates at a low level for a while long-term, even if inflation is above the long-term target of 2 percent.

“For now, it looks like rates are going nowhere until the 2024 elections,” said Edward Moya, market analyst at OANDA.

Real time dollar

He euro It is sold at the window for a maximum of 26.52 pesos and is bought up to 26.04 pesos. For its part, libra Sterling is offered at 29.60 pesos and purchased at 29.11 pesos.

The Bank of Mexico (Banxico) registered the previous session an exchange rate of 22.11 pesos per dollar.

With information from Reuters

GGA

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