Mexican peso advances for the third day in a row

The Mexican peso This Friday morning appreciated for the third consecutive session due to an increase in risk appetite due to fewer concerns about the impact of the Covid-19 Omicron variant in the recovery of the world economy.

The Mexican peso It was trading at 20.5650 units to the dollar, up 0.29% against the Reuters reference price on Thursday, on a day of limited volume due to the Christmas holidays.

“Volatile movements cannot be ruled out during the session, because the low number of market participants reduces the efficiency of the foreign exchange market,” said Gabriela Siller, head of analysis at Banco Base.

Two labs said yesterday that their vaccines protect against Omicron and British data suggested it could lead to proportionally fewer hospitalizations than Delta variant, although public health experts warned that the battle against Covid-19 is far from over.

In the last three sessions, the Mexican peso accumulates a return of 1.13 percent.

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