The most Latin American currencies They fell this Tuesday, in the middle of a global strengthening of the dollar. He mexican peso suffered a strong blow after the commercial threats launched by donald trump.
The president-elect of the United States announced on Monday that will impose large tariffs on the country’s three largest trading partners -Canada, Mexico and China- and detailed the way in which he will apply campaign promises that could trigger trade wars.
Trump, who will take office on January 20, said he would impose a 25% tariff on imports from Canada and Mexico until they take drastic measures regarding the drugsparticularly fentanyl, and migrants that cross the bordera measure that would appear to violate a free trade agreement.
Fed minutes
The members of the Federal Open Market Committee (FOMC) of the Federal Reserve They will bet their future interest rate decisions on carrying out “gradual” adjustments, according to the minutes of their last meeting, published this Tuesday.
When analyzing the prospects of the monetary policyofficials anticipated that if the data turned out “as expected,” with inflation continuing to decline sustainably to 2% and the economy remaining near maximum employment, “it would probably be appropriate to gradually move toward a more neutral monetary policy over time.
The US currency strengthened 0.1% against a basket of six large currencies that make up the dollar index.
How much do the main Latin American currencies trade at?
The Brazilian real closed almost unchanged at 5.81 units per dollar, while the index Bovespa of the Sao Paulo B3 stock market advanced one 0.7%, to 129,922 points.
Brazil’s consumer prices rose more than expected through mid-November, data from statistics agency IBGE showed on Tuesday, further fueling bets that the central bank will continue to raise interest rates.
For his part, the mexican peso listed in 20.66 per dollar, with a loss of 1.8% regarding Monday’s closing.
“Today, the peso is affected by Donald Trump’s trade threats, regarding imposing a 25% tariff on January 20, for Mexico and Canada, as a measure to pressure governments to control the flows of migrants to the US” said the Monex brokerage.
The main stock index S&P/BMV CPIwhich make up the 35 most liquid companies in the Mexican market, fell one 1%, to 49,712.90 units.
He chilean peso fell 0.1%, to 978.00 per dollar. Meanwhile, the leading index of the Santiago Stock Exchange, the IPSA, operated stable in 6,549.13 units.
He colombian peso depreciated a 0.4% to 4,403.05 units per dollar; while in the stock market, the stock index MSCI COLCAP went down a 0.5% to 1,391.20 points.
The Peruvian currency, the sunrose 0.3% to 3.76 units per dollar. Meanwhile, the Lima Stock Exchange benchmark lost one 1.2% to 29,916.73 points.
Source: Ambito
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