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December 28, 2021
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Peso appreciates before the dollar falls; market maintains attention on advance of the Omicron variant

Peso opens ahead after hitting its weakest level in two weeks

The Mexican peso was appreciated on Tuesday before a decline in dollar in the midst of a reduced volume of operations, with the market keeping its focus on the advance of the Omicron coronavirus variant and its possible effects on the economy.

The local currency was trading at 20.5866 per dollar, up 0.41% compared to 20.6720 in the Reuters reference price on Monday.

More than 280.12 million people have been infected by Covid-19 globally, according to official numbers of confirmed cases, and 5 million 701,788 have died, according to a Reuters tally.

“The scenario remains the same, the last week of the year that joins a new record of daily cases of contagions by Covid-19 globally that threatens to wreak havoc on the healthcare system, “he said CI Bank in a report. “It is not ruled out that the currency shows a behavior similar to yesterday where it is pressed towards the end of the day and returns to levels of 20.70”.

For the remainder of the day, the exchange rate it could fluctuate between 20.56 and 20.73, he added.



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