He mexican peso extends his fall before the US dollar this Friday. The local currency falls sharply while investors study the possible effects that the electoral victory of donald trump in the United States.
He exchange rate spot It is located at the level of 20.1429 units per dollar. Compared to a closing of 19.8670 units yesterday, with the official record of the Bank of Mexico (Banxico), the movement means a loss of 27.59 cents or 1.37 percent.
He dollar price It moves in a range between a maximum of 20.0397 units and a minimum level of 19.7740 units. He Dollar Index (DXY), from the Intercontinental Exchange, which measures the greenback with six strong currencies, gains 0.52% at 105.05 points.
According to various media, the president-electDonald Trump, asked Robert Lighthizera firm believer in tariffs, to be the United States Trade Representative again. Years ago, Lighthizer was key in the renegotiation of the NAFTAwith Mexico.
The peso was operating with losses earlier, around the line of 20 per dollar, after it had recovered ground yesterday following higher-than-expected inflation data in Mexico and after the Federal Reserve low its rate at 25 basis points.
A day earlier, after the US election day, the exchange rate had reached a maximum of 20.8038 units per dollar, its worst level in more than two years. In his campaign, the Republican kept Mexico as the main target of his criticism.
“The peso is part of the 74% of emerging currencies that depreciate against the dollar,” highlighted the Monex Financial Group earlier, which also stated that the market remains in cautious mode due to possible tariff measures of Trump.
Despite everything, the peso was set to end the week with a moderate appreciation. Operators are beginning to turn their attention to Banxico’s rate announcement on Thursday, after learning of an inflationary rebound and a decrease in the underlying rate.
The following week will also be marked by the presentation of the Mexican government’s budget package for the next one, in which the administration of President Claudia Sheinbaum Pardo has the challenge of reducing the fiscal deficit.
