The weight chained this Friday the fourth session followed by progress, imbued with optimism such as other emerging currencies after knowing that the United States will not apply reciprocal tariffs immediately, unleashing a commercial war, while the BMV yielded on a day of high volatility.
The peso closed its price at 20,2927 units per dollar, with an appreciation of 0.55% compared to the LSE Reference Price on Thursday, following the same trend as most of its Latin American peers.
“The weight can be seen because the market considers the tariff measures announced by Donald Trump as a strategy to boost its agenda on other issues and not as real or immediate threats,” Banco Banco analysts said to their customers.
The US president signed on Thursday a memorandum in which he ordered his economic team to calculate reciprocal tariffs to match those charged by other countries and counteract non -tariff barriers, studies that would be ready in April.
“Additionally, the possibility of a high fire in the geopolitical conflict between Russia and Ukraine has decreased the appetite for dollars as an asset of refuge, directing these investment flows to assets with better performance,” Monex said in an analysis note.
Lee: Trump now warns of imposing tariffs on ‘around’ cars of April 2
In the United States, retail sales fell more than expected in January, after four months followed by strong increases, while industrial production exceeded expectations with an increase of 0.5%, but manufacturing in the indicator retreated 0.1%, Pepperstone said In an analysis note.
“These mixed data, together with the postponement of the imposition of tariffs, exerted bearish pressure on the dollar, which lost a good part of the land won weeks ago,” said Quásar Elizundia, market research strategist of the firm.
“At the same time, tensions between fiscal and monetary policy have intensified, since Trump has openly criticized the president of the Federal Reserve, Jerome Powell, even suggesting his possible dismissal,” said Banco Base, at a time when there are doubts about that the Fed resumes the feat cuts after pause in January.
The president of the Bank of the Federal Reserve of Dallas, Lorie Logan, reiterated on Friday her opinion that, even if the inflation data is more moderate in the coming months, the Central Bank should not necessarily reduce the short -term indebtedness costs In response.
“Mixed share markets, yield of government bonds with positive bias, while the dollar operates with losses, with cautious investors to mixed reports, but still assimilating with some optimism the disposition of President Trump to negotiate to avoid the implementation of reciprocal tariffs before to enter into force, ”said Banorte in a note to customers.
After six days of progress, the leading shareholding index S&P/BMV IPC, which brings together the most liquid shares in the market, fell 0.18% to 54,060.97 points, in a context in which investors remain pending the corporate results of the room of the room quarter.
The ORBIA industrial conglomerate led the profits, with an advance of 5.80%, and the Puerto de Liverpool department store chain, with 4.61% more.
Among the companies that retreated was the retail Walmart of Mexico, with a fall of 6.63%, after a quarterly report showed a growth of its net utility below expected.
“In Mexico, Walmex reported greater pressures to those expected in Mexico’s profitability, which might not be well received by the market,” Banorte had anticipated earlier.
With Reuters information
Follow us on Google News to always keep you informed
