The peso and the bag backed this Friday after an erratic session, waiting for news about the efforts of Mexico and Canada to avoid the imposition of the tariffs promised by President Donald Trump starting next week.
The dollar was 20,5782 pesos, a 0.53% depreciation for the Mexican currency compared to yesterday’s session, according to Banxico closing data. In the weekly accumulated, the weight fell 0.81% and throughout the month had an appreciation of 0.53%.
The day was also marked by a report that showed that the expenditure of American consumers fell unexpectedly in January, but a rebound of inflation could cover the Federal Reserve to delay for some time the cut of interest rates.
Lee: Tariff proposed by Trump for Automobiles affect demand for metals of the Platinum
“The peso was affected by the progress of the dollar after evaluating the economic data in the US and considering the imposition of 25% tariffs on imports from Mexico and Canada next Tuesday,” he said in a Monex report.
“Towards the Overnight, we would expect the weight to oscillate in a range between $ 20.38 and $ 20.66, considering the strengthening of the dollar and the proximity with the imposition of US tariffs to Mexico and Canada,” he added.
BMV yields 0.43%
The referential shareholding index S&P/BMV IPC yielded 0.43% to 52,379.69 points, according to preliminary closing data, one day after the local season of corporate results of the fourth quarter.
The titles of Peoplera, specialized in credit services, headed the decline, with 5.25% less at 28.70 pesos, followed by those of the Tequila Producer José Cuervo, which subtracted 3.77% to 17.59 pesos.
In all February, the stock market accumulated an advance of 2.29%.
In the secondary debt market, the 10 -year bonus yield rose six base points to 9.57%, while the 20 -year rate amounted to 10.02%.
With Reuters information
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