The peso advanced slightly on Friday in a session that was anticipated to have reduced liquidity and few economic references due to the end-of-year holiday period.
The peso was trading at 17.8967 per dollar, with a marginal appreciation of 0.07% compared to the 17.9090 units of the LSEG reference price on Thursday.
“Looking ahead to the rest of the day, the most likely scenario is a stable peso, with a lateral bias, respecting the psychological range of 17.90–18.00,” said Felipe Mendoza, executive director of the investment manager IMB Capital Quants.
“The absence of macro catalysts and low volume suggest that any move could easily be reversed,” he added.
Find out: Peso advances and trades below 18 units per dollar; BMV falls from all-time high
With information from Reuters.
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