The Mexican peso appreciated on Thursday for the third consecutive day, in a market with a low volume of participants due to the holiday period at the end of the year, but which kept its eyes on news about the Omicron variant of the coronavirus.
The currency was trading at 20.4978 per dollar, its best level since mid-November, with a profit of 0.30% versus Wednesday’s Reuters reference price.
“The appreciation of the peso is in line with the weakness that the dollar is showing against the six main currencies,” said local consulting firm MetAnálisis in a note to its clients.
Demand for risk assets was supported by signs that countries are choosing to moderate isolation measures rather than imposing lockdowns to mitigate the economic impact of the virus, despite the global increase in infections.
In the last three sessions, the currency of Mexico accumulates a return of 0.84 percent.
For the rest of the day, it is expected to range from 20.48 to 20.62 per dollar, according to estimates by Banco Base.
