Peso fell to its worst level of the year due to Omicron, new variant of COVID-19

The crash was due to a fear of possible repercussions on the global economy (Photo: Cuartoscuro)
The crash was due to a fear of possible repercussions on the global economy (Photo: Cuartoscuro)

After the World Health Organization (WHO) announced the detection of a “worrying” variant of Covid-19 in southern Africa, named as Omicron, the price of peso to the dollar plummeted due to fears of a likely impact on the global economy.

The peso ended the day on Friday with a average price of 21.94 units per dollar, and with a minimum of 22.46 in Citibanamex, which meant a 1.78% retracement with respect to the value presented on Thursday, since it was located at 21.56 for every dollar.

Although the WHO announcement contributed greatly to a significant drop in its price, the peso had already presented significant losses throughout the week, as it showed variations in its value after the announcement that Jerome powell will continue to head the federal reserve in the United States and because of the speculation of the Governor of the Bank of Mexico.

With this fall, the national currency accumulates a devaluation of 10% per year in 2021well only in the last week has fallen 5.36%, to which the collapse caused by the fear of the new variant of Covid-19 is increased.

After yesterday a global alert by the variant Omicron, the most of the world’s stock markets suffered losses, since travel restrictions have been implemented in various regions, new confinements and speculations in international markets.

Stock markets around the world suffered losses due to the announcement of a new strain EFE / Jorge Núñez / Archive
Stock markets around the world suffered losses due to the announcement of a new strain EFE / Jorge Núñez / Archive

Entrepreneurs of the world have expressed the fear that resides in the little that is known about this new variant, because it is not known if you have immunity to vaccines or if it could be more problematic than existing strains by having characteristics that increase its contagion rate.

United States and Canada they have announced that they will close their borders to seven countries in southern Africa, which are: South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, and Mozambique, territories that have presented cases of the new variant of Covid-19, for which the North American authorities have taken precautions to prevent its spread on the continent.

The president of United States, Joe biden decreed travel restrictions to anyone who wishes to enter the country from the seven South African countries, except for US citizens, who must be quarantined upon arrival.

Detection of the variant B.1.1.529 by Covid-19 was announced by WHO on Thursday, November 24, while on Friday 25 they were announced advances in strain research, as well as its new name, since it was called Omicron.

WHO rated as "worrying" to the new strain of Covid-19 EFE / EPA / GIUSEPPE LAMI
The WHO described as “worrying” the new strain of Covid-19 EFE / EPA / GIUSEPPE LAMI

In Europe, Belgium is the first European country to have registered a case contagion with the variant Omicron, then a woman who traveled to Egypt with a stopover in Turkey He tested positive for the new variant after undergoing a test at the University Hospital of that country.

The Asian continent has also registered a positive case to this variant in a person who came to Israel from Malawi, in addition, there is a suspicion that two more people could be infected with the new strain, for which they are confined, according to information from the Ministry of Health of that country.

Israeli Prime Minister Naftali Bennet assured that the three people they already had the vaccine against the Covid-19 virus, although he did not specify the brand of the biological. The authorities they have prohibited the arrival of new travelers from the countries of southern Africa.

KEEP READING:

After the decision of the EU and the US, and despite the request of the WHO, more countries add restrictions due to the Omicrón strain
New variant of covid omicron spreads and the world isolates southern Africa
The WHO described the new variant of COVID-19 as “worrying” and called it Omicrón

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