The weight depreciated this Thursday in the hours prior to the monetary policy announcement of the Central Bank, in a weakened market after the decision of the US President, Donald Trump, to impose tariffs on cars imports.
The peso quoted at 20,2740 per dollar, with a setback of 0.86% compared to LSE’s reference price on Wednesday, pointing to its third consecutive day of losses.
Do not miss: Weight goes back in an attentive market for Trump’s tariffs to cars
Banxico could announce rate cuts
The president said on the eve that the new taxes will take effect on April 2, the same date on which he plans to announce reciprocal tariffs aimed at countries responsible for the bulk of the US commercial deficit.
For now, it is planned that later in the day, the Bank of Mexico (Banxico) disseminates its monetary policy decision. Much of the market is committed to the Governing Board from opting for a new cut to the key percentage point rate, similar the movement of its February meeting.
With Reuters information
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