The Mexican peso has returned to a level of 19 units per dollar, a level not seen since November 2024, when Donald Trump won the presidential elections in the United States. The Mexican currency appreciated 0.94% against the dollar, reaching 19.89 units, which represents a decrease of 20 cents from the closure on Thursday, March 13.
Gabriela Siller, the director of economic analysis at Banco Base, explained that the risk aversion towards Mexico has moderated. The exemption from the 25% tariff on Mexican exports that comply with the T-MEC is expected to promote greater commercial integration, as it forces companies to meet the treaty's criteria to avoid tariffs.
In the global market, the price of gold reached a record, nearing 3,000 dollars an ounce, due to concerns raised by Donald Trump's tariff policy and its potential impact on the economic growth of the United States and, consequently, on global GDP.
At bank windows, the dollar is sold at 20.39 pesos per unit and bought at 19.27 pesos per green bill, according to the report from Banamex. The dollar index (dxy) has decreased by 0.05% to 103.77 points, while the Bloomberg dollar index (bbdxy) declined by 0.10% to 1,266.56 units.
In the money market, the yield on the 10-year U.S. bond is 4.33%, while the 10-year Mexican bond remains at 9.95%. Among the most appreciated currencies are the Russian ruble with 1%, the South African rand with 0.90%, the Polish zloty with 0.84%, the Swedish krona with 0.71%, and the Brazilian real with 0.69%.
