The peso and the stock market retreated on Thursday for persistent concerns about the commercial policies of President Donald Trump, after he reiterated that the postponed tariffs proposed against Mexico and Canada will enter into force on March 4, as scheduled.
The president had generated speculation of a new extension for the imposition of the rates after he mentioned the eve that would begin on April 2, although a White House official said later that the original deadline remained in force.
The dollar was 20,4687 pesos, a decline for the national currency of 0.21% compared to the previous session, according to Banxico closing data.
In the morning, President Claudia Sheinbaum said she hoped to reach an agreement with Washington before the deadline is fulfilled, at a time when officials of the country negotiated security improvements to avoid new taxes.
Lee: Insufficient Mexico and Canada’s efforts against fentanilo: Trump
Mexico authorities reported shipping to the United States of a group of 29 alleged criminals arrested for their links with drug trafficking, among which would be the Capo Rafael Caro Quintero. Trump has repeatedly accused his neighbors and partners Mexico and Canada to do little to stop drug trafficking and irregular migration.
Lee: Mexico delivers 29 drug traffickers while negotiating tariff cancellation
BMV falls 1.37%
The referential shareholding index S&P/BMV IPC fell 1.37% to 52,566.32 points, according to preliminary closing data, on the last day of the local season of corporate results of the fourth quarter.
The titles of Tequila Producer José Cuervo led the losses, with 6.59% less than 18.43 pesos, after disseminating its quarterly report.
Instead, he highlighted a preliminary advance of 5.92% to 192.63 pesos of the Embotellator and Retail Manas FEMSA, also after publishing its results.
In the secondary debt market, the 10 -year bonus yield fell 11 base points to 9.51%, while the 20 -year rate decreased six, to 10.01%.
With Reuters information
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