The Mexican peso it was appreciated against the American dollar this Tuesday. The local currency recovered ground thanks to an increase in the appetite for risky assets in the markets, as the fear of Covid-19 Omicron variant.
The exchange rate closed operations with a level of 21.0285 units per greenback against a record of 21.2206 units yesterday, with data from Bank of Mexico (Banxico). That is a profit of 19.21 cents or 0.91 percent.
The cross traded in a range between a maximum of 21.3018 units and a minimum of 21.0273 units. At the close, the Dollar Index (DXY), which measures that currency against a basket of six reference currencies, was up 0.06% at 96.39 units.
The perception that the new variant of Covid-19 causes little worrying symptoms is growing among operators. With no conclusive data yet on the mutation, they opted for assets that had sharp declines in recent days.
During the week, relevant economic indicators are expected, such as the Mexican and US inflation figures for the month of November. They will be relevant prior to the announcements that the Fed and Banxico will make next week.
“New information on this variant, which appears to be less lethal, helped reassure the markets. However, this week the exchange rate will face another risk: inflation,” said Jorge Gordillo, director of analysis at CI Banco.
Reference-www.eleconomista.com.mx