The peso on Tuesday registered its best level against the dollar since December 26, according to Banxico closing data.
The dollar was 20,2732 pesos, an appreciation of 0.13% compared to the previous session, and the sixth day to the thread with profits.
“There are issues that encourage the market, such as talks between Russia and the United States to seek to end the war between Russia and Ukraine,” wrote Jorge González, director of the firm Advisors in currencies and risks, in an analysis note.
“What is positive will help the feeling, in addition to being in the absence of negative issues, the tariff theme is waiting for evaluations to see if they can be taxes or not, both those of Mexico and Canada, and those who want to put on Reciprocal form, ”he added.
President Trump said the tariffs that have promised cars will be around 25% and will have more to share on the issue on April 2.
Lee: cars tariff will be around 25%, Trump calculates
“Most of the currencies that closed the session with profits were from Latin American countries, which was due to an increase in commodities prices,” the Base Financial Group said in a report.
For now, the Federal Reserve is expected to publish on Wednesday the minute of its most recent monetary policy meeting, and investors will be in search of clues about when they could resume cuts to interest rates.
In Mexico, the Central Bank will publish its quarterly inflation report, with updates on its perspectives for inflation, economy and key rate.
With Reuters information
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