The Mexican peso It appreciated this Friday morning and was heading to the end of its seventh consecutive week of gains, while investors assimilated growing prospects of a more restrictive monetary policy in Mexico and the United States.
The Mexican currency was trading at 20.3018 units per dollar, with an advance of 0.15% against the Reuters reference price on Thursday. Shortly before it came to operate at 20.2875 pesos per greenback, its best level since last November 9.
“Investors are still charged to maintain their bets on higher-risk assets, which has favored the price of the Mexican currency,” said the firm CI Banco in an analysis note.
“Operators remain attentive to everything related to inflation, due to the measures that central banks can take (especially the Federal Reserve) to contain it and for the evolution of Covid-19 in the world,” added CI.
Over the course of the week, the Mexican peso accumulated a return of 0.29 percent.