Mexican peso closes the week UP

The Mexican currency closed at around 19.45 pesos per dollar in international markets, which represented an appreciation of 0.67% or 13 cents compared to the previous Friday. , according to information from Bloomberg.

With this result, the national currency closes at its strongest level since October 14 of last year. The retail dollar closed this Friday at 20 pesos at Banamex branch windows, 0.55% or 11 cents below last week's close.

The peso's appreciation occurred alongside that of other currencies in emerging economies or commodity-producing countries, as risk aversion related to the U.S. government's tariff policies declined.

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Among the news that eased trade tensions was the announcement of a preliminary trade agreement between the United States and the United Kingdom, which maintains a base tariff on imports of 10%, but with preferential treatment for some sectors. Furthermore, it was confirmed that trade talks between the United States and China will begin this weekend.

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with Chinese Vice Premier He Lifeng in Geneva, Switzerland. Donald Trump made positive comments about the USMCA during a meeting with Canadian Prime Minister Mark Carney.

Trump stated that the treaty is good for everyone and has been very effective. He also said it will be renegotiated very soon, but added that he is no longer sure if it will be necessary. Among the broad basket of major currencies, the most appreciated currencies this week are: the Argentine peso (3.71%), the Taiwanese dollar (1.68%), the Israeli shekel (1.38%), the Chilean peso (1.26%), the South African rand (1.07%), and the Mexican peso (0.67%).

The stock market closed the week with mixed results among the major global stock indices. In the United States, the Dow Jones posted a weekly loss of 0.16%, breaking a two-week winning streak.

The Nasdaq Composite fell 0.27% and the S&P 500 fell 0.47%. In Mexico, the Stock Price Index BMV quotes closed the week with a gain of 1.32%, after falling 1.60% last week, gaining in four of the last five weeks. In the interior, the most notable gains were seen by the following radio stations: Becle, with a 9.6% increase; La Comer, 9.2%; Grupo Aeroportuario del Centro, 8.4%; Industrias Peñoles, 7.8%; Alsea, 7.1%; and Chedraui, 7.1%.

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In the commodities market, WTI crude oil, the benchmark for the Mexican blend, closed the week up 4.68%, trading at $61.02 per barrel. This is the first weekly increase after two consecutive weeks of losses, during which the price fell 9.88%. Therefore, the weekly gains can be considered partly a correction.

The increase was due to greater optimism regarding demand, amid easing global tensions. Gold, meanwhile, closed the week trading at $3,327 per ounce, gaining 2.7%. It's worth noting that the upward pressure occurred primarily last Monday and Tuesday, when global trade concerns were still high.

EE