The Mexican peso has shown strength in the foreign exchange market, accumulating almost a week of gains. This Monday, January 10, 2025, the dollar fell to 20.20 pesos in international and interbank operations. This trend is attributed to the postponement by the United States of the collection of a 25% tariff against Mexico, until the next April 2. In the middle of the financial day, the exchange rate fluctuated between a maximum quote of 20.32 pesos and a minimum of 20.18 pesos.
Regarding the interbank dollar price available to the public in banks and exchange houses in the country, a maximum selling level of 21.45 pesos was recorded, four cents above last Friday.
Meanwhile, the Stock Exchanges in Mexico were affected by losses in the New York stock markets, caused by the uncertainty generated by the tariff policy implemented by the Donald Trump administration globally. The Mexican Stock Exchange (BMV) reported a decline of 1.84%, equivalent to a loss of 974.74 points on the Price and Quotation Index (IPC), which stood at 51,864.89 units. In parallel, the Institutional Stock Exchange (BIVA) showed a significant loss of 2.06%, with a cut of 22.18 points and a main index of 1,047.39 units.
As for the financial markets in the United States, significant declines were recorded due to the uncertainty generated by the global tariff policy implemented by President Donald Trump. The Dow Jones industrial index fell by 1.83%, the tech-heavy Nasdaq plummeted by 4.20%, and the S&P 500 suffered a drop of 2.72% during the morning of the day.
