The Mexican peso fell against the dollar on Tuesday, March 18, and the exchange rate returned to 20 units. The depreciation was 0.62 percent, placing the exchange rate at 20.07, an increase of 12 cents compared to the previous day. This occurred in a context where the value of the dollar rose along with bond yields, as markets prepared for a new economic policy decision from the Federal Reserve of the United States, with special attention to Donald Trump's tariff policy.
On the other hand, in Colombia, the peso plummeted by up to 1.4 percent against the dollar due to rumors about the resignation of Finance Minister Diego Guevara. Although officials from the ministry stated that they could not confirm his departure, this uncertainty contributed to the volatility of the Colombian currency.
At bank counters, the dollar was sold for 20.45 units, with a purchase price of 19.32 pesos per greenback, according to Banamex. Meanwhile, the dollar index, which measures the strength of the U.S. currency against a basket of currencies, rose by 0.12 percent to 103.49 units, and the Bloomberg dollar index increased by 0.17 percent to 1,264.57 points.
In the bond market, the yield on the 10-year M Bond in Mexico stood at 9.47 percent, while in the United States, the yield on the 10-year bond reached 4.28 percent. The situation was reported by Bloomberg and Valeria López.
