Gains pared back
The currency appreciated 0.02 percent against the previous close, a move of 0.34 centavos. The advance was modest.
Laura Torres, directora de inversiones at IMB Capital Quants, said the exchange rate absorbed a strong shock of trade and political uncertainty that neutralized the initial bullish momentum of the currency. She said prominent reports warned that Trump threatened to immediately double tariffs on Mexican exports due to the flow of migrant caravans, in line with warnings from US Trade Representative Jamieson Greer about possible tariff measures, which reactivated the risk premium on binational supply chains.
Risk premium returns
Greer’s comments on possible tariff measures added to the pressure facing the currency during the session. Torres linked his remarks directly to the renewed risk premium on supply chains spanning the two countries.
Source: IMB Capital Quants
