The Mexican peso appreciated on Wednesday in the face of a global weakening of the dollar, in a market reduced by the holiday period at the end of the year that was closely watching news about the easing of restrictions by Covid-19 in China.
The peso was trading at 19.4164 per dollar, with a gain of 0.31% against Tuesday’s Reuters reference price, recovering part of the ground ceded in the two previous days in which it accumulated a decline of 0.69 percent.
“It is probable that the session will be, like the two previous ones this week, of transition, with investors repositioning their portfolios for the next financial year 2023, and for the most part, ending the year,” said the firm. CI Bank.
At the local level, it was announced that the seasonally adjusted unemployment rate was 3% in November, while in non-seasonally adjusted figures it was 2.8 percent.
For the rest of the day, the peso is expected to oscillate in a range of 19.38 to 19.50 pesos, according to analysts from local Banco Base.
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