The Mexican peso appreciated on Friday, on track to post its third consecutive week of gains, following news that China will soon introduce “substantial” changes to its anti-Covid-19 policy, as investors digested a US labor market report. Joined.
The domestic currency was trading at 19.5174 per dollarwith a 0.60% advance versus Thursday’s Reuters benchmark price.
A former Chinese disease control official told a conference organized by Citi on Friday that the world’s second-largest economy will make substantial changes to its “proactive zero contagion” policy on Covid-19 in the coming months.
On the other hand, a report from the US Department of Labor showed that more jobs were created in October than expected, while the unemployment rate rose to 3.7%, suggesting some relaxation in labor market conditions, which would allow the Federal Reserve move to smaller interest rate hikes starting in December.
The weight accumulated in the week a return of 1.36 percent.
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