Peso depreciates after a truce between China and the United States; it was trading at 19.55 per dollar at the start of the day

Edgar Alejandro Moreno Alarcón 


The Mexican peso depreciated on Monday after four consecutive sessions of gains, in the face of a generalized strengthening of the dollar, after the United States and China reached a truce to temporarily reduce reciprocal tariffs.


The peso was trading at 19.55 per dollar, with a loss of 0.6% compared to the LSEG reference price on Friday, in the previous four days it accumulated an advance of 1.3%.


The withdrawal of the currency occurs at the beginning of a week marked by the rate decision of the Bank of Mexico (Banxico), in which the market largely expects a new cut in interest rates, at a time when the local economy shows signs of weakness.


For the time being, on Monday it was announced that Mexican industrial activity contracted in March by 0.9% compared to the previous month, although the decline was lower than the -1.1% predicted by analysts.


For its part, the Mexican stock market advanced on Monday after the United States and China announced the agreement.


The leading S&P/BMV index, which groups the most traded stocks in the local market, rose 0.16% to 56.644.22 points, although moments earlier it rose more than 1%.









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