The president threatened Sunday with imposing Import surcharges from Colombiaand other reprisals, after the South American country rejected two military aircraft with deported migrants from the United States. However, later, the White House reported on the suspension of the measure after Colombia agreed to receive its nationals.
After this conflict principle, The Mexican weight depreciated more than 2% To close at 20,6789 units, its worst performance since June last year.
“The reaction we see today has to do with the revival of fears towards rates“said Eduardo Ramos, senior market analyst at the Digital Bróker VT Markets Latam.” This is an indicator that Trump will be using these tariff threats in order to align governments to work with him in the way he He wants, “he added.
The Mexican weight was the most beaten currency of the day
After his return to the White House, Trump also threatened to impose tariffs on Mexico from February 1generating nervousness in the local market. However, in recent days the issue has been out of the president’s main speech.
Even so, The Mexican currency led the losses of the day between a basket of representative currenciesincluding the Colombian weight, and analysts do not rule out some additional pressure in a week in which it is anticipated that the Federal Reserve states the interest rates.
“Although it is not seen as most likely, If the exchange rate exceeds 20.90 pesos per dollar, there would be a risk of rising to 21.20“He wrote in a report, Georgina Muñiz, Analyst of Vector Casa de Bolsa.
A countermean of the exchange market, The referential shareholding index S&P/BMV IPC won 0.6% to 51,687.45 points, on their sixth consecutive day with advances.
The titles of the megacable telecommunications firm headed the increaseswith 4.2% more at 38.85 pesos, followed by those of the Coca-Cola FEMSA bottling company, which added 3.9% to 161.04 pesos.
In the secondary debt market, the 10 -year bonus yield It rose five base points to 10.06%, while the 20 -year -old rate jumped to 10.53%.
Source: Ambito
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