Light adjustment in the markets before the announcement of tariffs

The peso suffered from the threats of the president of the United States, Donald Trump, who said that tariffs to Mexico will enter into force as of today.

In a marked volatility session, the exchange rate closed at 20.68 pesos per dollar, in wholesale operations, a decrease of 26 cents (1.27 percent) for the Mexican currency compared to the previous day, and 40 cents (1.98 percent ), In front of last Friday, according to the Bank of Mexico.

Trump’s statements yesterday took the impulse that he showed for most of the morning, after the Reuters published that the taxes to imports from Mexico and Canada would enter into force in March and not the first February day. At that time the weight was quoted by up to 20.46 units per green ticket and like the Canadian dollar, it remained strong against the US dollar.

However, the trend changed, when the White House spokeswoman, Karoline Leavitt, denied the Reuters version and said the tariffs would apply from today.

His statements were confirmed later, by Trump himself, who said there are no nothing That Mexico, Canada and China can do to avoid tariffs from this Saturday.

Then the exchange rate shot and reached 20,7590 levels in transactions registered by both the Bank of Mexico and on international operations platforms.

If Washington imposes 25 percent commercial rates to Mexico, the weight would suffer a fall close to 12 percent, the JPMorgan investment bank calculated.

In a note published on Friday, bank analysts said that set general rates to Mexico It would probably be perceived as a temporary negotiation tactic of President Donald Trump To initiate discussions from a position of force.

For currency markets, we believe that even if Canada and Mexico’s tariffs apply tomorrow, the market would incorporate some probability that tariffs were not permanentGoldman Sachs analysts led by Stuart Jenkins wrote in a note for investors.

For its part, the referential index of the Mexican Stock Exchange fell 1.62 percent to 51 thousand 209.53 units; In the week it accumulated a decrease of 0.3 percent, but a gain of 3.4 percent in January.

The BMV closed in line with the behavior on Wall Street, whose main indicators – which during the morning registered profits – ended up down, also weighed down by Trump’s threats.

The Dow Jones lost 0.75 percent, the Nasdaq 0.28 percent technological index and the standard and poor’s (S&P) 500 yielded 0.50 percent. Discussions about tariffs in the afternoon created a new wave of uncertainty In the bag, he summed up Patrick O’Hare, from Briefing.com, to the AFP.

Oil prices fell slightly on Friday, Brent fell 11 cents to $ 76.76 a barrel; The American WTI subtracted 20 cents at $ 72.53 and the Mexican export mixture lost $ 94 to $ 68.69. Cotizations of the crude closed the week with losses, after the White House said that the United States will impose tariffs to Mexico and Canada on Saturday.

In contrast, gold prices exceeded the key brand of 2,800 dollars for the first time in history, since market participants rushed to buy the asset considered as a refuge.