Men Aged 30 to 54 the Highest Risk Group

The Ministry of Health reported 759 new deaths from COVID-19, bringing the national total to 22,584. Total positive cases rose to 185,122, after 4,577 new confirmations were added in the last 24 hours. Nationwide there are 23,155 active confirmed cases registered.

During today’s briefing, Director of Epidemiology Jose Luis Alomía said most of the cases of COVID-19 in Mexico are concentrated in people between 30 to 54 years old, and that mortality rates are higher among men. He said this is given that this segment of the population has a more active life, therefore increase their risks to getting infected. Alomía said hospital occupancy rates have been stable for several days for both, regular beds and special care beds with ventilators.

As of Monday, June 22

4,577     new cases (from yesterday)

185,122 confirmed cases nationwide

57,281   under investigation

22,584   deaths

Impact on markets (19.30 hrs)

US Dollar              MX$22.45            (-0.84%)

BMV IPC               38,123.56             (-0.73%)

Dow Jones          26,024.96             (0.59%)

Construction in Mexico City plans

Mexico City's economic recovery and employment plan includes investments in construction and the possible participation of the private sector, Head of Government Claudia Sheinbaum said. “We are working on the reactivation program, this week we have meetings with chambers and businessmen,” she said. Sheinbaum also ruled out further budget cuts in public offices or for mayors Mexico City districts.

Working visas suspended

US President Donald Trump issued an executive order that prohibits granting some working visas until 2021 to boost employment aligned with the ​​“America First” motto. The US government will block the entry of foreign workers with H-1B visas for qualified jobs and L-1 visas for workers transferred within a company, until the end of the year. Trump will also block temporary workers with H-2B visas, with the exception of those in the food service industry and some health care employees.

Global infections set record

The World Health Organization (WHO) reported yesterday a record increase in cases of COVID-19 in the world, with 183,020 new infections in 24 hours. The international office warned that the pandemic is growing rapidly in Latin America, especially in Brazil that is second place globally just below the US. The total number of infections in the world exceeded 9 million, according to data from Johns Hopkins University based on information provided by governments.

Good start of week for the peso

The Mexican peso closed with a 0.84 percent increase after the first trading session of the week. The exchange rate was set at MX$22.45 per dollar, against the MX$22.64 per greenback reported on Friday, according to Banxico. The US currency weakened in international markets after the turmoil on the COVID-19 crisis and the trade dispute escalation between the US and China.

Businesses in Cuernavaca reopen

After closing for several weeks, businesses in Cuernavaca, Morelos resumed commercial activities as of today. DespiteCOVID-19 rates remaining high in Morelos’, local authorities authorized the reopening.