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Mexican peso is trading at 19.34 units per dollar, after recovery of 0.40%

Mexican peso is trading at 19.34 units per dollar, after recovery of 0.40%

The Mexican peso appreciated for the second consecutive session on Thursday after the release of weekly figures from the US labor market that were in line with expectations.

The peso was trading at 19.3428 units per dollar, with a gain of 0.40% against the Reuters reference price on Friday, on the penultimate business day of the year.

“Operators are already waiting for next week, and more specifically for Tuesday, when normality will finally return after the Christmas holidays,” local firm CI Banco said in an analysis note.

For now, investors’ eyes were also on the rapid increase in Covid-19 infections in China after the initial optimism that the world’s second-largest economy announced that it was easing its restrictions in the face of the pandemic.



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