Today is 'D-Day' for the Mexican peso with Donald Trump's inauguration as president of the United States. The national currency opens with appreciation against the dollar, despite having depreciated since markets indicated Trump as the favorite in the November 2024 presidential elections.
High volatility is expected for the peso this Monday, January 20, due to the executive orders that Trump will sign throughout the day. In her morning conference, the president urged calm and announced that the Government of Mexico will only respond to the decrees already signed by Trump. She emphasized that the agreement between Mexico, the United States, and Canada continues its course of scheduled review for 2026.
The president's response contrasts with her previous statements warning about possible tariffs. Investors are analyzing Trump's executive orders, which cover immigration and trade issues. The Mexican peso appreciates 1.26% against the dollar, placing the exchange rate at 20.52 units, 25 cents less than the closing on Friday, January 17.
During the past week, the Mexican peso depreciated 0.34%, accumulating four weeks of losses. In banks, the dollar is sold for 21.29 pesos, and a possible increase in price is expected with Trump's speech at the Capitol. Monex warned that Trump's inauguration will generate global nervousness due to its impact on trade and immigration policies.
Uncertainty and Trump's policies have led the peso to its lowest level since mid-2022. In response to the threats of tariffs, Sheinbaum remains alert to the president's announcements. The exchange rate continues to fluctuate and is at 20.60 pesos with a forecast of variation between 20.60 and 20.95 units. Analysts warn of a possible bullish scenario during the day.
