He mexican peso was appreciated against the dollar this Friday. The local currency advanced slightly after having fallen to its worst level in two and a half years, in a market that is preparing for the inauguration of donald trump as American president, on Monday.
He exchange rate It ended this session at the level of 20.7753 pesos per dollar. Compared to a close of 20.8187 pesos yesterday, with official data from the Bank of Mexico (Banxico), the movement meant a gain of 4.34 cents or 0.21 percent for the currency.
He dollar price It moved in a range between a maximum of 20.9393 units and a minimum level of 20.6769. He Dollar Index (DXY), from the Intercontinental Exchange, which measures the greenback with a basket of six reference currencies, rose 0.38% to 109.35 units.
Donald Trump has threatened to impose tariffs on the United States’ three largest trading partners – Canada, Mexico and China – including a 25% tariff on Mexican imports until drug trafficking, mainly fentanyl, and illegal migration are combated.
With this concern, since 83% of national exports go to the United States, the exchange rate ends a negative week, although with few changes. Against a close of 20.7052 units last Friday, the peso fell 7.01 cents or 0.34 percent.
“While it is true that Trump’s threats towards Mexico have been constant, it is also true that we continue to be a strategic trade partner and, as some high-ranking officials of both governments have mentioned, it is better to reach agreements,” he said. Exchange
During the week, the cross experienced volatility related to economic indicators published in the United States that gave mixed signals about the future of interest rates. Monday is expected to be a slower day due to the Martin Luther King holiday.
