The interbank dollar price in banks and exchange houses in Mexico reached a maximum of 21.55 pesos for sale, exceeding the previous day's close by 10 cents. Amid uncertainty in the financial markets of the United States due to fears of a possible economic recession, Mexican stock markets operated with significant losses. The Mexican Stock Exchange (BMV) fell by 0.81%, while the Institutional Stock Exchange (BIVA) reported a decline of 0.60%.
In parallel, financial markets in the United States also experienced significant drops, with the Dow Jones falling by 1.67%, the Nasdaq by 1.20%, and the S&P 500 by 1.44%. The dollar weakened by 0.32% due to fears of a global recession triggered by the tariff war initiated by the United States. Just one day before the implementation of U.S. tariffs on steel and aluminum, the Mexican peso appreciated for the sixth consecutive day, with the dollar trading at an average of 20.34 pesos in international and interbank operations.
During the middle of the financial trading day on Tuesday, the dollar exchange rate recorded a maximum quotation of 20.32 pesos and a minimum of 20.18 pesos, although it could fluctuate in response to possible announcements from the U.S.
