The delay of a new support package is impacting the price of international currencies
The Fed demanded greater fiscal support from Congress to combat the coronavirus pandemic.
PAUL J. RICHARDS / AFP / Getty Images
The Mexican peso was the currency that most lost value against the dollar during this week due to the reaction of international markets to contain COVID-19 and the possible announcement that a new economic stimulus check would be delayed in the United States.
The dollar ended up selling up to $ 22.75 pesos in some banks causing an increase of 1.23 pesos with the close of last week.
While in the interbank window the dollar was sold in Mexico in $ 22.34 pesos depreciating a 5.7% being the currency that lost the most against the dollar, according to information from the Bloomberg agency.
The last time the peso faced a tough week it was during the first week of April. The appearance of new cases of COVID-19 in different countries has been putting pressure on the value of coins.
The effect of the possibility that in the United States the negotiation of a new round of stimulus checks will be delayed due to the presidential elections has also put the peso in check.
Federal Reserve Chairman Jerome Powell demanded that Congress greater fiscal support because the recession could be longer if a new stimulus package is not approved.
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