The Mexican peso is poised to link a second week of gains against the dollar, as traders are attentive to the imposition of reciprocal tariffs announced by U.S. President Donald Trump. Meanwhile, they are waiting to learn about new economic catalysts. According to data reported by Bloomberg, the exchange rate is around 20.3015 pesos per dollar, representing an appreciation of 0.86 percent or 17.65 cents compared to its movements in electronic trading from the previous day.
"The exchange rate continues on a downward weekly trajectory, favored by the dollar's retreat and reduced nervousness regarding Trump’s possible reciprocal tariffs, which would be starting quite a few weeks later," noted Janneth Quiroz, head of economic and exchange analysis at Monex. As for the dollar index (DXY), which measures the dollar's strength against a basket of six developed countries, it has reported a decline of 0.35 percent, standing at 106.68 points. Meanwhile, the Bloomberg dollar index (BBDXY) fell 0.37 percent to 1,287.05 units.
On the other hand, in bank windows, the dollar price was at 20.79 pesos each, according to data published by Citibanamex. In the money market, the yield on the 10-year bond for the United States is 4.47 percent, while in Mexico it remains at a level of 10.25 percent. Among the most appreciated currencies this February 14th, the Colombian peso stands out with 1.01 percent, the Chilean peso with 0.83 percent, the South African rand with 0.80 percent, the Brazilian real with 0.74 percent, the New Zealand dollar with 0.65 percent, and the South Korean won with 0.59 percent.
