The Mexican peso trades with a moderate profit against the American dollar this Monday. The local currency is stable, while the markets remain attentive to the information on the conflict in Ukraine.
The exchange rate is located at 20.3563 units against the record of 20.3769 units at the close of Friday, with data from the Bank of Mexico (Banxico). That means a gain of 2.06 cents or 0.10 percent for the peso.
The cross trades in an open range between a high of 20.6166 units and a low of 20.3186 units. The Dollar Index (DXY), which measures the greenback with a basket of six currencies, advanced 0.14% to 96.75 units.
Operators remain attentive to tensions in Eastern Europe due to the advance of Russian troops through Ukrainian territory. Teams from the two countries sat down to negotiate. The rest of the world is waiting for progress.
The peso, which started the day in negative, appreciates. “The geopolitical crisis keeps the world at a high level of tension due to Russia’s measures in Ukraine and the risk of a major military operation,” Meta-analysis said.
Despite the nervousness and about to close February, against a record of 20.6134 units at the end of January, the Mexican currency accumulates a gain of 25.71 cents, equivalent to a gain of 1.25 percent.