He Mexican weight depreciated in front of dollar In the operations on Wednesday. The local currency retreated on a relevant economic information day, and while the operators assimilated new tariff threats of the US president, Donald Trump.
He exchange rate The day ended at 20,4465 pesos per dollar. Compared to a closure of 20,2732 units yesterday, with official data from the Bank of Mexico (Banxico), the movement meant for the Mexican currency a setback of 17.33 cents or 0.86 percent.
He dollar price He operated in a range with a maximum of 20,4793 units and a minimum of 20,2010 units. He Dollar index (DXY), of the Intercontinental Exchange, which compares the dollar with a basket of six strong reference currencies, earned 0.14% to 107.20 points.
Fed, Inflation and Trump
Donald Trump said Tuesday that he intends to impose tariffs on cars “around 25%” and rates similar to semiconductors and pharmaceutical imports, in the most recent of a series of measures that could complicate international trade.
On the other hand, investors reviewed the content of the minutes of the most recent monetary policy meeting of the Federal Reserve (Fed). In January, the Central Bank interrupted the cycle of trimming of interest rates, arguing upward risks for the inflation.
“In particular, participants cited the potential effects of possible changes in commercial and immigration policy, the possibility that geopolitical events disturb the supply chains or an expense of households greater than expected,” the minutes point out.
Banxico coincides
In the local aspect, the market received the quarterly report from the Bank of Mexico. The monetary authority cut in half its expectation for the growth of the Mexican economy this 2025, to 0.6% from 1.2%, warning of a moderate expansion in the coming years.
Banxico explained that this economic weakness, expected especially in the first half of the year, will be associated with the decrease in private consumption and investment, due to the environment of “high uncertainty” associated with the policies of the new United States Government.
“There is an important confluence with the Fed Proceedings, due to uncertainty in migratory and commercial issues. It is in this context that the Central Bank decreased its forecast for this year’s GDP growth,” said Juan Carlos Cruz Tapia, author, author and financial consultant.
Break positive streak
In this way, the Mexican peso gave ground after a streak of six consecutive sessions with profits. During the progress period, the exchange rate had registered an accumulated improvement of 32.47 cents or 1.60%, compared to the closing of 20,5979 on Monday, February 10.
“The currency has shown resilience, but Donald Trump’s statements, although largely anticipated, reinforce their aggressive commercial position, which could generate pressure on weight in the coming days,” said Felipe Mendoza, Market Analyst of Atfx Latam .
“The caution of the market is mostly due to the fact that there are still no details about what the countries affected by these tariffs will be. In general, the financial markets resented it. The price of gold continues to mark new historical maximums,” said Juan Carlos Cruz.
