Mexican peso appreciates 0.33%; watch for talks between Russia and Ukraine

The Mexican peso The morning of this Friday was appreciated before the possible advances of the talks between Russia and Ukraine to put an end to the warlike conflict.

The peso was trading at 20.8572 units per dollar, with a gain of 0.33% against the Reuters reference price on Thursday. The exchange rate ended Thursday at 20.9527 units per dollar.

“The lower global risk aversion is due to Vladimir Putin mentioning that there is a ‘positive movement’ in the talks with Ukraine,” said Gabriela Siller, director of analysis at Banco Base.

Any news that indicates possibilities of concluding the war conflictno matter how minimal, generates some euphoria among operators, who take advantage of it to increase positions in higher-risk assets, according to CI Banco experts.

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