Mexico City.- The peso spun its fifth session with losses in the midst of concerns about the commercial plans of President Donald Trump, after he assured Sunday that the reciprocal tariffs he will announce this week will include all nations.
The president is expected to announce on Wednesday details of the encumbrances he has threatened to impose on what he has called as the “day of liberation”, followed by the imposition of new taxes on imported cars as of Thursday.
The dollar was 20,4604 pesos, a depreciation for the national currency of 0.21% compared to the previous day, and the fifth consecutive session with setbacks, according to Banxico closing data.
“The weight was affected by the increase in the demand for US Treasury Bonds for the greatest global nervousness, considering the proximity to the imposition of multiple tariffs,” said the Financial Group Monex in a report after the closing of the day.
Lee: Trump could announce on Wednesday more aggressive tariffs than expected
The week will be marked by a series of key economic data, including employment figures in the United States.
“We have an interesting week ahead,” said José Curiel, exchange specialist from Intercam Casa de Bolsa. “The peso has been fighting the dollar while investors are wearing clarity on Trump’s tariff plans.”
In Mexico, attention is set in the publication on Tuesday of the “General Precriteries of Economic Policy 2026”, a document with government estimates for some macroeconomic variables that serves as the basis for the elaboration of the public budget project next year.
Despite uncertainty about US trade measures, the currency culminated March with an advance of 0.57%
Lee: Trump says that reciprocal tariffs will apply to all countries
Top, the Swiss Bank UBS expects the weight to show a slight recovery towards 20 units for the end of the year.
“We anticipate that the United States and Mexico will eventually reach an agreement to avoid prolonged commercial war. If tariffs are imposed, we hope they are temporary,” he said in an analysis note.
Bag falls 1.29%
The referential shareholding index S&P/BMV IPC fell 1.29% to 52,484.43 points. Even so, it accumulated a monthly gain of 0.30%.
The titles of the Bursatile BMV stock market operator headed the decline on Monday, with 4.90% less at 33.98 pesos, followed by those of the Regional Bank, known as Banregio, which subtracted 4.71% to 130.24 pesos.
The bag added in the quarter an advance of 6%.
With Reuters information
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