He Mexican weight Go back on Friday morning. The local currency falls and is on its way to close a negative week, while the market prepares for the possible entry into force of the tariffs of USA to Mexico and Canada This Saturday, February 1.
He exchange rate Spot is located at the level of 20,6326 pesos per dollar. Compared to yesterday’s closure of 20,4273 pesos, with the data of the Bank of Mexico (Banxico), means a loss for the weight of 20.53 cents, which are equivalent to 1.01 percent.
He dollar price It moves in a range with a maximum of 20,7511 units and a minimum level of 20,5828. He Dollar index (DXY), of the Intercontinental Exchange, which compares the dollar with a basket of six reference currencies, rises 0.13% to 108.29 points.
The president of the United States, Donald Trumpmaintains his idea of imposing tariffs on Mexico and Canada. Yesterday he said that at the end of the day he would decide if 25% rates would include imports from oiland so far has not given information about it.
Trump’s words raised the exchange rate after yesterday’s closure to a maximum of 20,7655 per dollar. With its current level, the Mexican currency emerges a week drop of 34.7 cents or 1.71%, against the official registration of 20,2856 units of Friday.
“We will be attentive (to Trump’s tariffs) throughout the day, given any possible fact, with reports from some of his advisors that there are possible avenues so that these rates do not enter into force,” said Grupo Financiero Banorte in a report of analysis.
The peso lived on Monday his worst session in seven months, after Donald Trump revived commercial concerns after threatening tariffs on Colombia. Although it only stayed in threats, the market has been cautious since that time.
On Wednesday, the president of Mexico, Claudia SheinbaumHe dismissed his counterpart threats, and said his administration has an response plan. The same day, a candidate for senior Donald Trump said tariffs could be avoided.
