The Mexican peso weakened on Thursday as risk aversion increased on persistent concerns of a global recession and after China implemented new COVID-19 lockdown measures, analysts said.
The Mexican peso was trading at 20.1823 per dollar, according to Bloomberg data, which means a loss of 0.19% compared to Wednesday's closing exchange rate of 20.1432 pesos per dollar, registered by the Bank of Mexico.
The national currency remains around 20.20 pesos per dollar, after members of the Board of Governors of Banco de México were willing to increase the rate together with the Federal Reserve to maintain the rate differential and promote stability.
The central bank of Mexico adjusted upwards its forecasts for inflation in 2022, in its quarterly report released the day before, warning that the effects of shocks on prices could be prolonged and reiterated that the magnitude of future increases in the key rate would take into account account prevailing conditions.
With information from Reuters, Bloomberg and Banxico.
