The Mexican Peso pushed, and the country’s stock market exchange fell on Friday morning, and China announced a retaliation against the United States, provoking the fear of the global recession.
Markets around the world fell on the second day after Beijing increased the “Mutual Fees” welded trade war on Wednesday.
In the mid -Friday trade, Citibanmex Peso Bank announced that it would trade at the US $ 20.99 in Windows, with its 19.94 starting value.
After initially declined to 19.91, Mexican Beso’s spot was recovered at 2 pm on Friday afternoon. At the same time, the main code of the Mexican stock market lost 5.18%.
Before the instability of its Friday, Beso began the week strong. Mexico left Trump’s global fee list, which was announced on Wednesday afternoon, and Beso was valued against the dollar on Thursday.
Although global markets have fallen, it has been praised for the first time since mid -March, less than 20 pesos, as investors speculated that Mexico has not escaped relatively.
Christian Admin de La Hurta, an economist in Finamex, said that he was less at the earliest earlier this week that “a notification that indicates a significant decline in a trademark may have further pressure at an alternative rate.”
China’s retaliation strike – 34% of the fees of all imported goods from the United States – acted as the announcement, and the global markets went back into a tailpin. Beso does not escape the effects.
“Due to the high probability of the global recession due to Trump’s tariff policies, Peso was rated due to danger,” the economic analysis director of the Bango site, Gabriela Chiller told the newspaper newspaper newspaper newspaper newspaper.
Strong American Jobs than expected on Friday, 228,000 jobs were added in the month of March-March-further weakened Peso against the US dollar.
A turbulent display for Mexico’s currency
At the beginning of the week, the Reuters predicted that Peso would experience a stable trading environment in the summer. This is welcome, because Mexico’s coin was affected by 2024 and decreased nearly 23% during the year.
As Mexican President Claudia Shinebam holds talks Moderate words Pushes Trump’s initial fee In January and February, Beso recovered and rose 1.8% from Monday.
But that’s a roller-coaster ride. On February 2, Beso reduced to 21.30 Before Trump suspends 25% fee at all Mexican imports.
In mid -March, Peso was steadily strengthened until Trump threatens to impose a 25% fee for the importation of Mexican Automobiles, around 20 to 1 marks, The coin weakens from 1% to 20.30 on March 27.
Last week, Peso moderately opened on Monday 20.46. On Tuesday, Reuters predicted that forex special local coin will be sidelined from 0.4% to 20.55.
But it was before China’s markets and investment bank JP says 60% of the opportunity for global recession Morgan said By the end of the year, it was 40% earlier.
