Feb 10 • 15:56 UTC 🇲🇽 Mexico El Financiero (ES)

Peso opens lower against the dollar: Exchange rate quotes at 17.20 units

The Mexican peso marginally depreciates as it opens on Tuesday, trading around 17.20 pesos per dollar.

On Tuesday, the Mexican peso opened the day with a marginal depreciation against the US dollar, quoted at approximately 17.20 pesos per dollar. This slight decline comes as investors digest recent inflation data released by INEGI, which has implications for economic stability in Mexico. Additionally, market participants are preparing for upcoming employment figures from the United States, particularly focusing on the unemployment rate expected to be announced tomorrow.

In the political and commercial landscape, President Claudia Sheinbaum is navigating a complex situation, attempting to balance national sovereignty with various strategies in response to the Trump administration. The Mexican government's decision to halt oil shipments to Cuba amid tariff threats represents a significant move aimed at mitigating potential economic repercussions, signaling to the market that Mexico prioritizes its economic stability over diplomatic tensions.

As these economic and political developments unfold, the peso's performance could reflect broader market sentiments regarding both domestic inflation trends and international economic signals, particularly from the United States. Investors will be closely monitoring these factors as they assess the potential impact on Mexico's financial stability and its relations with the U.S.

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