This Tuesday, January 28, the Mexican peso had small corrections against the dollar after losing a week's gains in just one day. Market operators are attentive to Donald Trump's comments on tariff measures and the first monetary policy decision of the Fed in 2025.
During the night of January 27, Donald Trump raised the possibility of imposing tariffs on industries such as chips, semiconductors, pharmaceuticals, and steel. The current exchange rate is around 20.57 units, showing a 0.53% appreciation of the Mexican peso against the dollar.
CI Banco analysts pointed out that the Mexican peso is reacting to Trump's renewed comments regarding the imposition of tariffs on specific sectors. Trump mentioned: "If they want to stop paying taxes or tariffs, they will have to build their plant right here in the United States." It is expected that the exchange rate will fluctuate between 20.56 and 20.80 units during the day.
At bank windows, the dollar is selling for 21 pesos each, with a buying price of 19.91 units according to Citibanamex. The dollar index (dxy) that measures the strength of the dollar against six other currencies from developed economies has decreased by 0.58% to 107.96 points, while the Bloomberg dollar index has risen by 0.33% to 1301.14 units.
In the money market, the yield on the 10-year bond in Mexico stands at 10.0%, while in the United States it reaches 4.54%. Among the most appreciated currencies are the Russian ruble with a 1.29% increase, the Australian dollar with a 0.83% increase, the New Zealand dollar with a 0.74%, the Swedish crown with a 0.70%, and the euro with a 0.68% increase.
