Peso opens ahead after hitting its weakest level in two weeks

Peso opens ahead after hitting its weakest level in two weeks

The peso appreciated this Friday morning in an aimless market due to the lack of relevant economic indicators, which kept its sights set on the statements of the United States monetary authorities and awaiting the discussion of the president’s social spending program Joe biden.

The Mexican currency was trading at 20.7069 units per dollar, with a gain of 0.28% compared to the Reuters reference price on Thursday, when it reached its lowest level in two weeks.

Analysts said that the participants’ attention was also directed to the evolution of the Covid-19 pandemic due to an increase in infections in various regions of Europe, which has already forced Austria to announce a new lockdown.

“As has happened on previous occasions, this situation is not ruled out in other Latin American countries,” said Monex.



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