The Mexican peso has started the day with slight losses against the dollar, in a scenario where the market eagerly awaits the first monetary policy decision of the Federal Reserve for 2025. It is expected that the Fed will keep the rate unchanged at its meeting on January 29, despite previous criticisms from President Donald Trump.
According to information from Bloomberg, the depreciation of the Mexican peso is 0.11% against the dollar, placing the exchange rate at 20.58 units, an increase of 4 cents compared to the previous day's close. Jorge Gordillo, director of economic analysis at CI Banco, pointed out: 'The market almost 100% rules out changes in the interest rate by the Fed. This decision is based on recent data on inflation and employment, as well as statements from Fed members expressing concern about possible tariff policies from Trump that could drive inflation.'
Regarding tariff policies, the White House confirmed Trump’s plans to impose a 25% tariff on Mexico and Canada starting February 1. Press Secretary Karoline Leavitt stated that, according to discussions with the president, the measure is still in place. Concerning this issue, President Donald Trump has expressed his criticisms of the Fed's decisions on interest rates and has anticipated conversations with Jerome Powell about it.
In the financial arena, at bank windows, the dollar is quoted at 21 units for sale and 19.91 pesos for purchase, according to reports from Citibanamex. The dollar index measures the strength of the U.S. currency against a basket of six major currencies, showing an increase of 0.11% to 107.98 points. In international markets, the Japanese yen and the Swiss franc are some of the currencies that stand out against the dollar today.
Trump's statements regarding the Fed's decisions contribute to an international financial context marked by expectations of measures that may be adopted in this area, influencing global markets and currencies.
