The peso depreciated this Monday after two consecutive sessions of gains, in the face of a global strengthening of the dollar and while investors assimilated a local inflation report.
The peso was trading at 20.2123 units, with a decline of 0.80% compared to the LSEG reference price on Friday, at the beginning of a week that was anticipated to have little business due to the end-of-year holiday period.
The general consumer price index moderated in the first half of December to 4.44% year-on-year, although less than expected by the market, while core inflation rebounded surprisingly to 3.62% after six continuous fortnights of deceleration.
In the previous two days, the peso accumulated a return close to 1.5%.
With information from Reuters.
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