Mexican Peso Gains Amid U.S. Reciprocal Tariff Concerns
The Mexican peso appreciated on Thursday, benefiting from a weaker U.S. dollar in a session shaped by new economic data from the United States and news about President Donald Trump’s reciprocal tariffs.
The spot exchange rate closed at 20.4780 pesos per dollar, marking an improvement from Wednesday’s 20.5093 pesos, according to official data from the Bank of Mexico (Banxico). This represented a gain of 3.30 cents, or 0.15%, for the local currency.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, FSC, ASIC, CySEC, DFSA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | BVI FSC | USD 1 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
The dollar traded within a range, reaching a high of 20.6489 and a low of 20.4576. Meanwhile, the U.S. Dollar Index (DXY)—which measures the greenback against a basket of six major currencies—fell 0.82% to 107.12 points.
On Thursday, Donald Trump signed a memorandum introducing his reciprocal tariffs policy. The Republican leader emphasized that these tariffs aim to restore fairness and “level the playing field.” He also warned that shipments routed through third countries to bypass tariffs would not be tolerated.
Earlier in the day, data showed that U.S. producer prices rose more than expected in January, reinforcing signs that inflation is picking up. This comes after a stronger-than-expected increase in January’s consumer prices as well.
The continued higher-than-expected producer price figures suggest a more complex inflation outlook. Investors are now closely watching trade developments.
ABOUT THE AUTHOR
See More
Add 3442
Related Posts
Add 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals
Top Broker