Mexican peso opens the last week of 2021 with a marginal gain of 0.02%

The Mexican peso was trading little changed on Monday morning from the previous close, as the dollar rose after concerns rekindled that the Omicron variant could slow the economy heading into the new year.

At the beginning of the last week of 2021, in which reduced liquidity is expected, the peso was trading at 20,5968 per dollar, with a marginal profit of one 0.02% compared to 20.6000 from the Reuters reference price on Friday.

In earlier trading, the peso fell to 20.6716 units.

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 hit another record for Covid-19 infections on Friday.

Markets “mainly attentive to the increase in the number of infections due to the new Omicron variant. During the last week of the year, the volume of operations in the market is expected to show a significant reduction,” said financial group Monex in a report.

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