The peso was appreciated on Friday, aiming to culminate the week with accumulated profits, after the US president, Donald Trump, said in an interview that he would prefer not to have to impose tariffs on China.
The weight quoted at 20,2088 units, with an advance of 0.81% compared to the LSE reference price on Thursday. During the week, it accumulated a return of around 2.75%, its best performance since September.
The president’s comments to the Fox News chain were interpreted by investors as a sign that he would be softening the commercial position of his administration, whose tariff threats caused strong volatility in financial markets in recent days.
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Trump tariffs will continue to cause uncertainty in the Mexican market
After his return to the White House on Monday, Trump proposed to impose 25% rates on Mexico and Canada and 10% to China from February 1. He also promised to tax European imports. However, so far he has not offered details about his plans.
Even so, analysts expect the issue to continue causing uncertainty in the markets of Mexico, whose productive activity is strongly oriented to its northern neighbor.
With Reuters information
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