Peso falls to its worst level against the dollar since December – El Financiero

The weight closed with a slight depreciation against the dollar after the decision of the United States and the United Kingdom to prohibit energy imports from Russia, which could maintain the upward trend in the price of raw materials.

According to data from the Bank of Mexico (Banxico)the Mexican currency depreciated 0.07 percent, with which the exchange rate traded at 21.33 units per dollar, its worst level against the US currency since on December 3, 2021.

The peso touched a minimum of 21.20 and a maximum of 21.46 pesos per dollar during the day.

at bank windowthe dollar is sold at 21.84 units, according to data from Citibanamex.

The Bloomberg Dollar Indexwhich measures the strength of the greenback against a basket of 10 currencies, grew slightly 0.07 percent to 1,205.17 points.

“Both the emerging ones and the main currencies of the world have operated with losses against the dollar, as investors continue with the movements of flight to quality in the face of uncertainty surrounding the geopolitical conflict and the reactions of the different governments. The blockade of Russian oil imports in the US and the UK has caused high volatility in the currency and commodity markets,” said Diego Laviada, junior analyst at Masari.

For the dollar index (DXY), there is a drop of 0.20 percent to settle at 99.04 points.

The main currencies that are losing against the dollar are:

  • Korean won (0.87 percent).
  • Turkish lira (0.83 percent).
  • Thai baht (0.64 percent).
  • Australian dollar (0.52 percent).
  • Canadian dollar, with 0.46 percent.

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