Mexico City.- The peso and the BMV advanced on Wednesday after President Donald Trump generated expectations of a new pause to the application of tariffs against Canada and Mexico, saying that they will enter into force on April 2, one month after the deadline.
However, a White House official said that the deadline of March 4 for the tariffs of Mexican and Canadian products was still in force, waiting for the president to review the Mexican and Canadian actions to stop the traffic of fentanyl and the irregular flow of migrants.
The dollar was 20,4268 pesos, an appreciation of 0.15% for the national currency and with it a three -day streak with losses was interrupted, according to Banxico closing data.
“Everything has to do with this speculation regarding tariffs: if they will be applied, if they will postpone again, everything revolves around that speculation,” said Jacobo Rodríguez, specialist at the analysis firm Roga Capital.
“The appreciation of weight is due to Donald Trump pointed out before media that tariffs on imports from Mexico and Canada will enter into force until April 2, which was interpreted by markets as a postponement,” the Base Financial Group said in a report.
Lee: Trump says he will not stop tariffs against Mexico and Canada; They will apply from April 2
The firm added that the expectation that the threat of tariffs is a negotiation tool of Donald Turmp.
He recalled that the president seeks to obtain concessions from Mexico regarding migration, border security, fighting organized crime and commerce with China.
The Canadian dollar also reacted momentarily in a favorable way to the ad, and then returned to negative land.
The referential shareholding index S&P/BMV IPC rose 0.40% to 53,263.16 points, according to preliminary closing data, in a market also attentive to the season of corporate results of the fourth quarter.
Contrary to the generalized market trend, it appeared a preliminary fall from 3% to 45.90 pesos of the Alsea restaurant operator titles, after reporting on the eve a decline in its quarterly gains.
In the secondary debt market, the 10 -year bonus yield dropped six base points to 9.62%, while the 20 -year rate decreased eight, to 10.06%.
With Reuters information
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