The Mexican Stock Exchange and Stock Exchange were folded after registering their greatest daily gain in five years, given a return of concerns about a commercial escalation between China and the United States.
President Donald Trump surprised investors on Wednesday by announcing a 90 -day break in many of his new reciprocal tariffs against several nations. However, he left the front open against the Asian giant, to whom he raised the taxes substantially.
The weight quoted at 20,4390 units almost at the end of the businesses, with a depreciation of 1.1% compared to the LSE Reference Price on Wednesday, when 3.1% shot, its greatest daily percentage advance since the end of March 2020.
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The weight thus resumed the negative trend that has predominated in the markets since the end of last week.
“The ‘driver’ remains the same, the uncertainty with the tariffs imposed by the US government,” said Roberto Galván, a specialist at the Intercam Finante Changes.
With this Thursday adjustment, the peso appears as one coins with the worst performance against the US dollar, only surpassed by the Brazilian real.
“The weight is affected by the perception of risk,” said Monex Financiero Monex report.
Even so, the Digital Bróker Activtrades estimated that forward could continue to oscillate very close to its current levels, around 20.50 or 20.60 units.
The session was also marked by figures in the United States that showed an unexpected fall in consumer prices in March, which fueled concerns about a recession in the largest business partner in Mexico.
In Mexico, the minute of the most recent monetary policy meeting of Banco de México showed that the Governing Board expects to maintain its cycle of cuts to the key rate, a factor that could subtract attractive to assets in pesos in international markets.
BMV falls 1.93%
In the share market, the referential index S&P/BMV IPC fell 1.93% to 51,514.82 points. Wednesday climbed 4.39%, its highest daily gain since March 2020.
The GCC cement titles led the decline, with 7.67% less than 168.98 pesos, followed by those of the Alsea restaurant operator, which subtracted 6.29% to 41.58 pesos.
As for government bonds, 10 -year performance dropped 21 base points to 9.30% in the secondary debt market, while 20 -year papers decreased 22, 9.90%.
With Reuters information
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