Today, February 25, the Mexican peso is registering a loss against the dollar due to market concerns caused by the possible imposition of tariffs on Mexico starting March 4. Donald Trump mentioned that the 25 percent tariffs on Mexico and Canada will be applied as planned next week. The president of Mexico, Claudia Sheinbaum, emphasized that negotiations with the United States to avoid such tariffs are still ongoing, urging to maintain calm and reach an agreement.
On this day, the depreciation of the Mexican peso is 0.07 percent, placing the exchange rate at 20.46 units, increasing 4 cents compared to the previous day's close. Janneth Quiroz, director of economic and exchange analysis at Monex, stated that this setback is due to inflation figures in Mexico and Trump's comments reiterating the imposition of tariffs.
Regarding the dollar price in banks today, it is being sold at 20.97 pesos at the counter, with a buying price of 19.84 pesos for each green bill according to Citibanamex. Other indicators of the dollar value in the markets during this session are a decrease of the Dollar Index (DXY) by 0.22 percent, reaching 106.36 points; and a decline of the Bloomberg Dollar Index by 0.14 percent, standing at 1285.50 units.
In the money market, the yield on the 10-year Mbono in Mexico was at a rate of 10.10 percent, while in the United States, the yield on the 10-year bond is 4.31 percent. Among the currencies that have gained value against the dollar are the Russian ruble with 1.59 percent, the Czech koruna with 0.45 percent, the Swedish krona with 0.43 percent, the Polish zloty with 0.38 percent, and the Swiss franc with 0.34 percent.
