On April 2, the United States is expected to announce a 25% tariff on automobiles, pharmaceuticals, and semiconductors, which will gradually increase over the course of a year. This measure represents an additional layer of pressure on the Mexican economy, adding to the imposition of another 25% tariff on all Mexican exports. According to financial analyst Felipe Mendoza, this poses a significant inflationary risk for Mexico, with the possibility of an increase in the dollar and, consequently, a greater devaluation of the peso.
Regarding the peace negotiations between Ukraine and Russia, mediated by the United States, uncertainty continues to generate in global markets. The absence of Ukrainian President Volodymyr Zelensky in recent talks has raised doubts about the possibility of a definitive agreement, which could strengthen the demand for safe-haven currencies such as the US dollar and exert downward pressure on the Mexican peso.
Despite these pressures, the Mexican Stock Exchange (BVM) showed a positive reaction following the publication of favorable data on manufacturing activity in the United States. However, the Mexican peso started this Wednesday's session with a slight depreciation of 0.14%, trading around 20.28 per dollar. The statements from the United States reaffirm an aggressive trading stance, which could increase pressure on the peso as the implementation dates for the new tariffs approach.
The Mexican peso is experiencing increasing financial volatility, influenced by various external factors, ranging from the tariff policies announced by the United States to geopolitical uncertainty in Europe. Felipe Mendoza, Financial Markets Analyst at ATFX LATAM, highlights that the coming days will be marked by possible episodes of volatility in the financial markets, with attention focused on how circumstances will evolve both locally and internationally.
