INSUBCONTINENT EXCLUSIVE:
The Mexican peso gained ground in mid-week trading, bolstered by a weakening dollar
Investors took a breather as concrete announcements on tariffs remained absent.The local currency closed at 20.4762 pesos per dollar,
Throughout the trading session, the dollar fluctuated between a high of 20.6727 and a low of 20.4643 units.The MSCI Emerging Market Currency
index, which measures a basket of emerging currencies against the dollar, also rose
The lack of tariff decrees from Trump sparked expectations of a more moderate trade approach.Mexican Peso Strengthens Amid Tariff
(Photo Internet reproduction)This shift in sentiment provided a boost to the Mexican currency
would be in addition to the 25% levies for Mexico and Canada
The Republican president also promised tariffs on European Union imports
The Wall Street Journal reported that Trump was pushing for an early renegotiation of the USMCA trade deal.The agreement between Mexico, the
United States, and Canada was originally scheduled for review in 2026
Markets, offered his perspective on the situation
He suggested that if tariffs are delayed, the peso could potentially reach 20.26 or even 20.10 against the dollar.The currency market
remains vigilant, awaiting concrete announcements on trade policies
