The Mexican peso operates stable against American dollar this Tuesday. The local currency remains practically unchanged, after four consecutive sessions with gains, and with the market’s attention on the pandemic.
The exchange rate It is located at 20.7480 against a close of 20.7478 units yesterday, with data from the Bank of Mexico (Banxico). The movements are reduced as the holiday season approaches and the closing of this year.
The cross operates in a range between a maximum of 20.8340 units and a minimum of 20.7238 units. Meanwhile, the Dollar Index (DXY), which measures the greenback against a basket of six coins, fell -0.06% to 96.49 units.
Operators focus on the advancement of the Covid-19 Omicron variant and its possible effects on the global economy, insofar as it spreads across Europe and has forced new closure measures to be taken.
“The concerns about omicron occur just when volatility increases as we approach the holidays and the volume of trading decreases,” explained analysts at local CI Banco in a report.
The Netherlands, Germany and Ireland are some of the nations that have reimposed their partial or total closures, or other social distancing measures, in recent days to contain increases in infections.
Thailand will reinstate mandatory quarantine for foreign visitors from Tuesday, while the United Kingdom, Germany and Portugal study actions. The United States also announced preventive measures.
Reference-www.eleconomista.com.mx