Mexican Peso praised the strong stance against the US dollar in the six months on Monday morning, and the Green Back weakened in the midst of the tension between US President Donald Trump and the Federal Reserve.
Yahoo! FinancePeso was praised as 19.58 per dollar before weakening. At 10.30 am, Mexico city time, US dollar: MXN rate was 19.68.
Finally Beso was strong in October 2024.
Peso’s praise came on Monday morning after strengthening the coin last week.
Compared to the bank of Mexico The closing rate of last Wednesday .
Peso got late last week President Claudia Shinebam spoke to Trump last Wednesday. Both leaders described the call as “very productive”.
On Monday, Peso received the loss of the Green Pack land. The TXO code, which measures a US dollar against foreign currencies against foreign currencies, has been in its lowest position since March 2022, the CNBC report said.
Trump Versus Central Bank
CNBC reported that the dollar continued its slide on Monday, saying, “Global investors are backing from US assets, face the tension between President Donald Trump and Federal Reserve.”
Federal Reserve Chairman Jerome Powell Record a Monday morning for his true social account.
“Preamptive Cuts’ Interesting Rates Being For Being Called. With these costs trending so Nicely downward, just what I predicted, there is no inflation Written.
“Europe has already been ‘reduced seven times’. Powell has always been ‘late’ (SIC), except when the election period came, was a sleepless Joe Biden, and then Kamala was elected. How did it act?” Trump said.
The US president criticized Pawal last week, while the White House economic adviser Kevin Hazet said the Trump administration was investigating whether he could remove the central bank’s top official.
The CNBC said the comments “seem to have put more pressure on the green pack.”
Economic Analysis Director Capriyala Siller at the Mexican Bank Bango site, X said Monday morning American securityism was also a factor in the depreciation of the dollar.
He wrote that “the current weakness of the dollar 1) Trump’s security policies and 2) the uncertainty of the central bank’s autonomy when faced with Trump’s attacks.”
Beso has appreciated more than 5% since Trump took office
On Friday, January 17 – Mexico Bank said it was closed 20.77 for Beso dollar – the previous week’s week before Trump’s second term as US president.
At 19.58 am on Monday, the coin praise indicates that more than 6% reinforced Beso. Based on the US dollar: MXN rate is 5.5%from Trump’s inauguration at 10:30 am.
Newspaper El Economista reported on Sunday Reinforcing Peso in the first 90 days of Trump’s second term is mainly excluded from some US fees (such as “mutual fees” this month), Mexico’s “high international reserves”, the expectation of low interest rates in Mexico and “Greenkeke’s weakness”.
