The Mexican peso and the stock market experienced up and down oscillations on Monday amid fears about the advance of the variant of the Omicron coronavirus and its possible effects on the economy, in a session of reduced liquidity due to the end of the year holidays.
At the start of the last week of 2021, the coin was trading at 20.6900 per dollar, with a decline of 0.44% compared to 20,6000 in the Reuters reference price on Friday.
The peso fell in earlier trading up to 20.7410 units and it traded in positive territory to 20.5865 per US currency.
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.
Little relevant economic information will be published this week 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 market performance. of capital and raw materials, according to analysts at Banco Base.
Meanwhile, the benchmark stock index S & P / BMV IPC rose 0.29% mid-day to 53,004.37 points. The square started the session on negative ground.
Outside of the leading index, the fall of 6.65% to 2.95 pesos of the titles of Grupo Aeroméxico stood out. 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.
Reference-www.eleconomista.com.mx