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24.03.202514:39:29UTC+00Mexican Peso Lifted by Tariff Optimism

The Mexican peso is advancing towards a rate of 20.1 per USD, approaching the four-month peak observed on March 18th. This uptick is fueled by optimism concerning the impending U.S. tariffs set for April 2nd, which are expected to be more precisely focused and less severe than originally anticipated. Current reports suggest that President Donald Trump's planned tariffs will be implemented in a more limited scope, easing prior fears of a potential recession. Such concerns were initially highlighted by the Organization for Economic Cooperation and Development, which warned of a possible economic contraction of 1.3% in 2025 and 0.6% in 2026 if the tariffs were to persist. Furthermore, inflation has eased to 3.67% by mid-March, which was below market expectations, indicating effective management of domestic price pressures and bolstering confidence in the peso.

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