The Mexican peso lost on Monday in a volatile session amid concerns about the advance of the omicron coronavirus variant and its possible effects on the economy, while the Mexican stock exchange he won in a session of fewer negotiations than usual for the end of the year parties.
The domestic currency was trading at 20.6884 per dollar near the end of the day, with a decline of 0.43% compared to 20.6000 in the Reuters reference price on Friday. The peso fell in early trading to 20.7410 units and traded in positive territory to 20.5865 per dollar.
US airlines have canceled or delayed thousands of flights in recent days, as Omicron cases increase across the country, forcing crews to isolate themselves and travelers to seek other ways to get around.
Meanwhile, France tightened measures against the Covid-19.
During the week little relevant economic information will be published in Mexico and the United States, so the performance of the foreign exchange market will depend on news associated with the pandemic, progress in the approval of a fiscal stimulus package in the United States and the performance of the capital and raw materials market, according to analysts at Banco Base .
Following the behavior of other places such as Wall Street, the benchmark stock index S&P/BMV IPC it rose 0.77% to 53,259.56 points with a reduced volume of 60.9 million securities traded. The square had started the session in negative territory.
Outside the leading index, the fall of 6.96% to 2.94 pesos of the Group’s securities stood out. Aeromexico. In the session they lost up to 2.65 pesos.
The value of the airline’s shares has experienced strong rises and falls after the announcement in recent days of a public offer to acquire securities. Experts have attributed the movements to speculation in the market.
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Reference-www.eleconomista.com.mx