[ad_1]
The Mexican peso it was appreciated against the American dollar on Wednesday. The local currency extended the advance amid less nervousness in the markets, after the reactions caused by the Covid-19 Omicron variant.
The exchange rate ended the day at 20.9652 units against 21.0285 units per dollar yesterday, with official data from the Bank of Mexico (Banxico). That meant an advance of 6.33 cents or 0.30 percent for the peso.
The cross traded in a range between a high of 21.0350 units and a low of 20.8878 units, not seen since November 22. The parity had risen at the end of November as a reaction to fear of the Omicron variant.
The peso took advantage of the weakening of the dollar, due to a decrease in the search for refuge. The Dollar Index (DXY), which compares the greenback with six reference currencies, moved at the close -0.50% at the level of 95.89 points.
The pharmaceutical company Pfizer, one of the developers of vaccines against Covid-19, reported early that a third dose of its biological showed efficacy in neutralizing the new variant of the virus that was discovered in Africa.
“The knee-jerk reaction to the new variant was obviously overstated based on information we have now, but no one knows where the markets will end up. There is still a lot to know,” explained Craig Erlam, OANDA analyst.
Traders are now awaiting the publication of relevant economic indicators, including inflation data for Mexico and the United States, before the last monetary decisions of the Fed and Banxico in the year.
jose.rivera@eleconomista.mx
[ad_2]