Mexico City. Two months before Donald Trump takes office as US president, he continues to shake the Mexican peso in his international operations.
The president-elect threatened Mexico and Canada with extra 25 percent tariffs from his first day in the White House. As soon as his message began to circulate on his social network, Truth, the Mexican currency accelerated its weakness against the dollar and operates above 20.6921 pesos per dollar.
And the Mexican peso had returned to gains this Monday against a dollar that weakened worldwide. After three consecutive downward closings, the Mexican currency appreciated 1.04 percent, equivalent to 21.31 cents against the US currency, to 20.2788 pesos per spot dollar.
The Mexican currency had received with stability the appointment of Scott Bessent as Secretary of the United States Treasury under the new administration of Donald Trump. While the dollar deflated, as its DXY index, which measures the behavior of the US currency against a basket of six international currencies, fell 0.62 percent, to 106,842 units.
However, a few minutes ago it was announced about the additional tariff to be imposed from Trump’s first day in the White House, which will be 25 percent for Mexico and Canada and 10 percent for China. In the case of the two North American countries, it will also continue if irregular immigration is not stopped.
According to analysts, Trump brings a lot of volatility to the exchange market, given the threat of taxes on Mexico, Canada and China.
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