The peso was appreciated this Friday before a generalized replication of the US dollar, while the Mexican stock exchange closed stable in a week of strong turbulence due to growing commercial tensions between the United States and China.
In Mexico, La Moneda found impulse in a better report to the expense of industrial production, which showed in February its largest monthly jump since August 2020, according to unstacted figures, after two consecutive months in decline.
The Mexican currency was quoted at 20,2790 units almost at the end of the businesses, with a gain of 0.8% compared to the LSE reference price on Thursday. In the week, it accumulated a return of 0.65% after having negotiated in a wide range of 20,1490 to 21,0830 per dollar.
“The persistent commercial uncertainty continues to tarnish the prospects,” said Quasar Elizundia, market research strategist of the Pepperstone firm, in a report.
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“The commercial conflict between the United States and China does not show signs of resolution, which further reduces the mood of investors and could benefit refuge assets,” he added.
Beijing increased on Friday its taxes to US imports to 125%, in response to the decision of President Donald Trump to upload them to Chinese products.
The president also headed on the eve of his tariff threats against Mexico for a dispute over the distribution of water between the two neighboring nations, a bilateral conflict of long data aggravated by a historic drought.
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The referential shareholding index S&P/BMV IPC retreated a marginal 0.03% to 51,498.90 points, adding a slight weekly return of 0.09%.
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This Friday the titles of the Minera Industrias Peñoles led the increases, with 5.67% more to 375.16 pesos, followed by those of the producer of Tequila José Cuervo, which added 3.97% to 20.95 pesos.
In the secondary debt market, the 10 -year bonus yield rose 22 base points to 9.52%, while the 20 -year rate amounted 23, to 10.13%.
With Reuters information
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